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Oct 03, 2021
Starbucks Q4 2021 Earnings Report
Starbucks reported record Q4 and full year fiscal 2021 results.
Key Takeaways
Starbucks reported a strong finish to fiscal 2021 with record performance in the fourth quarter. Consolidated net revenues grew by 31% to a record $8.1 billion, and global comparable store sales increased by 17%. The company is also committing to $20 billion of share repurchases and dividends over the next three years and announced historic investments in its partners (employees).
Global comparable store sales increased 17%, driven by a 15% increase in comparable transactions and a 2% increase in average ticket.
North America comparable store sales increased 22%, primarily driven by an 18% increase in comparable transactions and a 3% increase in average ticket.
The company opened 538 net new stores in the fourth quarter of fiscal 2021, ending the period with a record 33,833 stores globally.
GAAP earnings per share of $1.49 grew from $0.33 in the prior year, and non-GAAP earnings per share of $1.00 grew from $0.51 in the prior year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company will introduce fiscal year 2022 financial targets during its Q4 FY21 earnings conference call starting today at 2:00 p.m. Pacific Time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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