Starbucks (SBUX) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to the same period last year, while remaining nearly flat relative to the immediately preceding quarter. The filing includes financial statements and management discussion that support these comparisons.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 Q1
Revenue for the quarter increased compared to the same period last year, while remaining nearly flat relative to the immediately preceding quarter. The filing includes financial statements and management discussion that support these comparisons.
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
+0.6%
Change from the immediately preceding quarter.
Year-over-year
+8.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$36.7B
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 2, 2023 | $8.7B | +14.2% |
| Jul 2, 2023 | $9.2B | +12.5% |
| Oct 1, 2023 | $9.4B | +11.4% |
| Dec 31, 2023 | $9.4B | +8.2% |
Revenue performance
Reported revenue rose year-over-year, driven by higher net revenues from both company-operated and licensed stores. The sequential change was minimal, indicating a stable top-line performance.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was higher. Versus the immediately preceding quarter, revenue was essentially unchanged, reflecting a pause in the prior growth trajectory.
What to watch
The flat sequential revenue trend may warrant attention in the context of prior consecutive quarterly increases.