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In regards to Q4, our Q4 consolidated revenue was $9.1 billion, down 3% from the prior year, driven by a 7% decline in comparable store sales, consisting of an 8% decrease in transactions and a 2% ...
Starbucks' (SBUX) third-quarter fiscal 2022 results benefited from higher U.S. comparable sales.
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 ...
Net income fell 7.6% to $1.05 billion, or 93 cents per share. That was in line with analysts' forecasts. Narasimhan confirmed recent reports that activist investor Elliott Investment Management has taken a stake in the company. “Our conversations to date have been constructive,” he said. Starbucks shares rose 3% in after-hours trading Tuesday.
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 ...
In June 1992, at the time of its initial public offering, Starbucks had 140 outlets, with revenue of US$73.5 million, up from US$1.3 million in 1987. The company's market value was US$271 million by this time. [ 22 ]
Starbucks reported record revenue in its fiscal third quarter as its China business roared back to life. Starbucks shares were down 1% in after-market trading Tuesday. Same-store sales — or ...
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]