Starbucks’ net revenue reached 36.18 billion U.S. dollars in 2024. This shows an increase over the previous year's total of 35.98 billion U.S. dollars. The global coffeehouse chain has seen a year-over-year increase in revenue over the past decade, except for the decline in 2020 which...
Inside Starbucks Corp's 10-K Annual Report: Revenue - Geography Highlight Market risk is defined as the risk of losses due to changes in commodity prices, foreign currency exchange rates, equity security prices, and interest rates. Revenue - Product Highlight Our ability to incur new liens...
Starbucks is the largest coffee company in the world. With an annual revenue of over $35.95 billion, Starbucks has surpassed McDonald's, which has an annual revenue of $25.49 billion. The Bottom Line The coffee industry is characterized by intense competition, and Starbucks faces...
Moving on to International. The segment delivered its highest second quarter revenue ever, reaching $1.7 billion, up 4% over the prior year despite the impacts of COVID-19 lockdowns in China. The growth was primarily driven by a 9% increase in net new stores over the past 12 months and...
Starbucks is boosting pay after reporting record annual revenue of almost $36 billion, with same-store sales jumping 8% compared with the prior fiscal year. The company has invested more than $1 billion since last year on its employees and to improve its stores, which it said has helped ret...
China's domestic coffee chain Luckin surpassed Starbucks in annual sales last year, taking the coffee crown in the Chinese market for the first time, said Securities Daily on Monday.
Luckin's financial report showed that the company realized 24.9 billion yuan ($3.46 billion) in total net revenue in 2023, surged 87.3 percent from a year earlier. Based on GAAP accounting rules, its operating profit hit 3.03 billion yuan last year, more than double that of 2022. ...
In March, also as a part of the Annual Meeting of Shareholders, the company announced that Kevin Johnson, former president and chief executive officer, would retire from his position effective April 4, 2022. The Board appointed founder Howard Schultz as interim chief executive officer, effective ...
For full year fiscal 2022, our consolidated revenue reached a record $32.3 billion, up 13% from the prior year or 15% when excluding a 2% impact of foreign currency translation driven by 8% comparable store growth, 6% net-new store growth and strength in our global licensed store businesses...
Starbucks Corp. Annual stock financials by MarketWatch. View the latest SBUX financial statements, income statements and financial ratios.