Starbucks (SBUX) Revenue — Quarter Ended Jul 2, 2023
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth reflects higher contributions from company-operated and licensed stores.
Key takeaway
Quarter ended Jul 2, 2023 · FY2023 Q3
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth reflects higher contributions from company-operated and licensed stores.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.2B
Revenue reported for this quarter.
Quarter-over-quarter
+5.1%
Change from the immediately preceding quarter.
Year-over-year
+12.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$35B
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 |
|---|---|---|
| Oct 2, 2022 | $8.4B | +3.3% |
| Jan 1, 2023 | $8.7B | +8.2% |
| Apr 2, 2023 | $8.7B | +14.2% |
| Jul 2, 2023 | $9.2B | +12.5% |
Revenue performance
Total net revenues rose from the immediately preceding quarter, driven by increases in both company-operated and licensed store revenue streams.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was higher, with company-operated stores and licensed stores both showing improvement. The trailing twelve-month revenue also increased relative to the prior year period.
What to watch
The filing context does not provide specific commentary on revenue drivers beyond the reported figures.