Starbucks Corporation
- Starbucks Corp. increased 2.4% to $95.94 after the coffee chain operator reported sharply lower-than-expected revenue and earnings in its latest quarter amid demand weakness in the U.S. and China.
Global comparable same-store sales plunged 7% in the fiscal fourth quarter.
Oct 31, 2024 - Starbucks Corp. dropped 13% to $77.0 after the coffee chain operator reported weaker-than-expected revenue and earnings in the first quarter.
The expensive coffee chain is battling an uneven and fragile economic recovery in China, its second-largest market, and elevated inflation in the U.S. is keeping customers away from discretionary purchases.
Global comparable store sales declined 4%, driven by a 6% decline in comparable transactions, partially offset by a 2% increase in average ticket.
North America and U.S. comparable store sales declined 3%, driven by a 7% decline in comparable transactions, partially offset by a 4% increase in average ticket.
Consolidated revenue in the fiscal second quarter ending in arch declined 1.8% to $8.6 billion from $8.7 billion, net income dropped 15% to $772.4 million from $908.3 million, and diluted earnings per share declined to 68 cents from 79 cents a year ago.
The company increased cash dividends per share to 57 cents from 53 cents a year ago.
May 1, 2024 - Starbucks increased 3.5% to $97.45 after the company reported quarterly results.
Revenue in the fiscal first quarter ending in December rose 8.2% to $9.4 billion from $8.7 billion, net earnings rose 19.8% to $1.02 billion from $855 million, and diluted earnings per share advanced to 90 cents from 74 cents a year ago.
Global comparable store sales increased 5%, driven by a 3% increase in comparable transactions and a 2% increase in average ticket sales.
North America and U.S. comparable store sales increased 5%, driven by a 4% increase in average ticket sales and a 1% increase in comparable transactions.
The company lowered its full-year revenue outlook because of the competitive environment in its second largest market, China, and rising tensions between the U.S. and China.
Same-store sales in China increased by 10%; however, average ticket sales at stores fell by 9% as consumers avoided high-priced coffee shops.
Because of sales weakness in China, the company lowered its fiscal year sales growth to between 7% and 10%, down from the previous estimate of between 10% and 12%.
The company reiterated its full-year earnings per share growth of between 15% and 20%.
Feb 1, 2024 - Starbucks Corp. extended 2-day gains to 13% after the coffee chain reported better-than-expected quarterly sales.
Revenue in the fiscal fourth quarter ending on October 1 increased 11.4% to $9.4 billion from $8.4 billion, net income advanced 38.3% to $1.2 billion from $878.3 million, and diluted earnings per share rose to $1.06 from 76 cents a year ago.
Global comparable store sales increased by 8%, driven by a 4% increase in average ticket sales and a 3% increase in comparable transactions.
North America and U.S. comparable store sales increased 8%, driven by a 6% increase in average ticket sales and a 2% increase in comparable transactions.
International comparable store sales increased 5%, driven by a 6% increase in comparable transactions and a 1% decline in average ticket sales.
In the second-largest market, China, comparable store sales increased 5%, driven by an 8% increase in comparable transactions and a 3% decline in average ticket sales.
The company continued its expansion and opened 816 net new stores in the quarter, ending the period with 38,038 stores, of which 52% are company-operated and 48% are licensed.
Nov 3, 2023 - Starbucks Corp decreased 25 cents to $94.94 after the company said announced to hike its quarterly dividend by 7.5% to 57 cents a share from 53 cents payable on November 24 to shareholders on record November 10.
The coffee retailer opened a $220 million distribution and manufacturing facility in China, second largest market for the company.
Sep 21, 2023
| Year | Dec | Mar | Jun | Sep | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 0.79 | 0.99 | 1.06 | - | 3.58 | |
| 2022 | 0.58 | 0.79 | 0.77 | 0.74 | 2.83 | |
| 2021 | 0.56 | 0.97 | 1.48 | 0.69 | 3.54 | |
| 2020 | 0.28 | -0.58 | 0.35 | 0.53 | 0.79 | |
| 2019 | 0.60 | 0.78 | 0.70 | 0.79 | 2.92 | |
| 2018 | 0.53 | 0.62 | 0.62 | 0.75 | 3.24 | |
| 2017 | 0.45 | 0.55 | 0.55 | 0.65 | 2.2 | |
| 2016 | 0.39 | 0.49 | 0.56 | 0.52 | 1.96 | |
| 2015 | 0.33 | 0.42 | 0.43 | 0.46 | 1.64 | |
| 2014 | 0.65 | 0.28 | 0.34 | 0.38 | 1.35 | |
| 2013 | 0.36 | 0.26 | 0.28 | -0.81 | 0.01 | |
| 2012 | 0.29 | 0.20 | 0.22 | 0.23 | 0.9 | |
| 2011 | 0.25 | 0.17 | 0.18 | 0.24 | 0.81 | |
| 2010 | 0.23 | 0.14 | 0.14 | 0.19 | 0.62 | |
| 2009 | 0.16 | 0.02 | 0.10 | 0.10 | 0.26 | |
| 2008 | 0.05 | 0.08 | -0.01 | 0.01 | 0.22 | |
| 2007 | 0.14 | 0.10 | 0.11 | 0.11 | 0.44 | |
| 2006 | 0.13 | 0.08 | 0.09 | 0.08 | 0.36 | |
| 2005 | 0.11 | 0.06 | 0.08 | 0.08 | 0.31 |