Starbucks (SBUX) Revenue — Quarter Ended Apr 2, 2023
Revenue increased compared with the prior quarter and rose sharply versus the same quarter last year. The growth was supported by higher sales from both company-operated and licensed stores.
Key takeaway
Quarter ended Apr 2, 2023 · FY2023 Q2
Revenue increased compared with the prior quarter and rose sharply versus the same quarter last year. The growth was supported by higher sales from both company-operated 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
+0.1%
Change from the immediately preceding quarter.
Year-over-year
+14.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$34B
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 |
|---|---|---|
| Jul 3, 2022 | $8.2B | +8.7% |
| Oct 2, 2022 | $8.4B | +3.3% |
| Jan 1, 2023 | $8.7B | +8.2% |
| Apr 2, 2023 | $8.7B | +14.2% |
Revenue performance
The reported revenue reflects a sequential increase from the immediately preceding quarter and a substantial gain from the same quarter one year earlier.
Quarterly comparison
Compared with the prior quarter, revenue edged higher. On a year-over-year basis, revenue was markedly higher, driven by broad-based strength across store segments.
What to watch
Monitor whether the pace of revenue growth can be sustained given the sequential improvement was modest.