Starbucks Q4 2022 Earnings Report
Key Takeaways
Starbucks reported a 3% increase in consolidated net revenues to a record $8.4 billion in Q4 2022, or 11% on a 13-week basis. Global comparable store sales rose by 7%, with an 11% increase in the U.S. offsetting a decline in international sales. GAAP EPS was $0.76, while non-GAAP EPS reached $0.81, bolstered by strong September performance.
Global comparable store sales increased by 7%, driven by an 8% rise in average ticket.
North America and U.S. comparable store sales increased 11%, fueled by a 10% increase in average ticket and a 1% increase in comparable transactions.
International comparable store sales decreased 5%, impacted by a 16% decline in China's comparable store sales due to COVID-19 restrictions.
The company opened 763 net new stores in Q4, bringing the global store count to 35,711.
Starbucks
Starbucks
Starbucks Revenue by Segment
Starbucks Revenue by Geographic Location
Forward Guidance
The company will discuss fiscal year 2023 financial targets, originally introduced at Starbucks 2022 Investor Day, during its Q4 FY22 and Full Year earnings conference call starting today at 2:00 p.m. Pacific Time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income