Starbucks (SBUX) Revenue — Quarter Ended Mar 31, 2024
Revenue decreased from the prior quarter and also declined compared to the same quarter last year. The drop marks a reversal from growth seen in the three preceding quarters.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q2
Revenue decreased from the prior quarter and also declined compared to the same quarter last year. The drop marks a reversal from growth seen in the three preceding quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.6B
Revenue reported for this quarter.
Quarter-over-quarter
-9.1%
Change from the immediately preceding quarter.
Year-over-year
-1.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$36.5B
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 2, 2023 | $9.2B | +12.5% |
| Oct 1, 2023 | $9.4B | +11.4% |
| Dec 31, 2023 | $9.4B | +8.2% |
| Mar 31, 2024 | $8.6B | -1.8% |
Revenue performance
Total net revenues came in lower than both the immediately preceding quarter and the same quarter one year earlier.
Quarterly comparison
Relative to the prior quarter, revenue fell; compared with the same quarter a year ago, revenue was also down. This contrasts with the positive sequential and year-over-year gains reported in each of the three earlier quarters.
What to watch
Given the year-over-year decline, monitor whether revenue trends stabilize in the coming quarters.