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Starbucks recently released its fiscal 2024's second-quarter earnings report, in which the beverage retailer generated $8.6 billion in revenue. That marked a 2% year-over-year decline, partly ...
The business has reported three straight quarters of declining year-over-year revenue. This has been driven by falling same-store sales (comps), with the most recent period -- the 2024 fourth ...
Starbucks said its revenue rose 8% to a record $9.43 billion for the October-December period. ... It was the largest strike yet in the 2-year-old effort to unionize Starbucks’ company-owned U.S ...
Starbucks’ revenue fell 1% in the April-June period as customer traffic weakened in the U.S. and China. But the Seattle coffee giant expressed optimism Tuesday that successful new products and improvements in efficiency — including faster drive-thru service and better equipment — will help turn things around in its next fiscal year, which begins later this fall.
Year Revenue in mil. US$ Net income in mil. US$ Total assets in mil. US$ Average price per share in US$ [citation needed] Employees 2005 6,369 494 3,514 13.40 115,000 2006 7,787 564 4,429 17.62 145,800 2007 9,412 673 5,344 14.12 172,000 2008 10,383 316 5,673 7.61 176,000 2009 9,775 391 5,577 7.87 142,000 2010 10,707 946 6,386 13.07 137,000 2011 ...
Starbucks' (SBUX) third-quarter fiscal 2022 results benefited from higher U.S. comparable sales.
The company also revised its 2024 outlook for the third time this fiscal year. As of Q2, Starbucks expects 2024 global revenue growth of low-single digits, down from the previous range of 7% to 10 ...
A year later, McDonald's conceded that Starbucks was "winning the coffee wars" by cornering the caffe latte market. [51] Competing firms have retooled their market expansion by spinning off divisions to finance store openings. In 2018 Starbucks sold its packaged coffee business to Nestlé in order to free up $7.2 billion for their stores. [52]