Starbucks (SBUX) Revenue — Quarter Ended Oct 1, 2023
Revenue for the fourth quarter increased from the preceding quarter and from the same quarter last year. The company's top line continued its upward trajectory.
Key takeaway
Quarter ended Oct 1, 2023 · FY2023 Q4
Revenue for the fourth quarter increased from the preceding quarter and from the same quarter last year. The company's top line continued its upward trajectory.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.4B
Revenue reported for this quarter.
Quarter-over-quarter
+2.2%
Change from the immediately preceding quarter.
Year-over-year
+11.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$36B
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 |
|---|---|---|
| Jan 1, 2023 | $8.7B | +8.2% |
| Apr 2, 2023 | $8.7B | +14.2% |
| Jul 2, 2023 | $9.2B | +12.5% |
| Oct 1, 2023 | $9.4B | +11.4% |
Revenue performance
The sequential revenue gain was modest, while the year-over-year growth was more significant. The quarter's results reflect ongoing business momentum.
Quarterly comparison
Compared to the third quarter, revenue edged higher. Relative to the same period a year ago, revenue posted a solid increase.
What to watch
Monitor the company's cash and investments, which increased compared to the prior year according to the filing.