Starbucks (SBUX) Revenue — Quarter Ended Jan 1, 2023
Revenue increased compared to both the prior quarter and the same quarter last year. The growth was driven by higher contributions from company-operated stores and licensed stores.
Key takeaway
Quarter ended Jan 1, 2023 · FY2023 Q1
Revenue increased compared to both the prior quarter and the same quarter last year. The growth was driven by higher contributions from company-operated stores and licensed stores.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.7B
Revenue reported for this quarter.
Quarter-over-quarter
+3.6%
Change from the immediately preceding quarter.
Year-over-year
+8.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$32.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Apr 3, 2022 | $7.6B | +14.5% |
| Jul 3, 2022 | $8.2B | +8.7% |
| Oct 2, 2022 | $8.4B | +3.3% |
| Jan 1, 2023 | $8.7B | +8.2% |
Revenue performance
Total net revenues rose from the immediately preceding quarter, continuing an upward trend. The year-over-year comparison also showed an increase, with both company-operated and licensed store revenues higher.
Quarterly comparison
Compared to the prior quarter, revenue improved. Versus the same quarter one year earlier, revenue was also higher, reflecting sustained growth in the company's store operations.
What to watch
Monitor the trend in store operating expenses relative to revenue growth in upcoming quarters.