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Sep 29, 2024
Starbucks Q4 2024 Earnings Report
Starbucks' Q4 2024 results reflected a challenging customer experience, with management developing a plan to revitalize the company.
Key Takeaways
Starbucks reported a 3% decrease in consolidated net revenues, totaling $9.1 billion. Global comparable store sales declined by 7%, driven by an 8% decrease in comparable transactions. GAAP and Non-GAAP EPS were $0.80, a 25% decrease year-over-year.
Global comparable store sales decreased by 7%, with an 8% decline in comparable transactions.
North America and U.S. comparable store sales declined by 6%, driven by a 10% drop in comparable transactions.
International comparable store sales decreased by 9%, with China experiencing a 14% decline.
The company opened 722 net new stores, bringing the total store count to 40,199.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Starbucks has suspended guidance for the full fiscal year 2025 due to the CEO transition and current business state. The company plans to assess the business, solidify key strategies, and stabilize the business for long-term growth. Initial information regarding the new strategies will be provided during the Q4 and full fiscal year 2024 earnings conference call.
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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