Starbucks (SBUX) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter declined slightly compared to the same quarter last year. The sequential quarter showed a recovery from the prior period's decrease.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q3
Revenue for the quarter declined slightly compared to the same quarter last year. The sequential quarter showed a recovery from the prior period's decrease.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.1B
Revenue reported for this quarter.
Quarter-over-quarter
+6.4%
Change from the immediately preceding quarter.
Year-over-year
-0.6%
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 |
|---|---|---|
| Oct 1, 2023 | $9.4B | +11.4% |
| Dec 31, 2023 | $9.4B | +8.2% |
| Mar 31, 2024 | $8.6B | -1.8% |
| Jun 30, 2024 | $9.1B | -0.6% |
Revenue performance
The reported revenue decreased year over year, driven by lower net revenues from company-operated stores and licensed stores.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased, reversing the prior quarter's decline. Versus the same quarter one year earlier, revenue was slightly lower.
What to watch
Monitor whether the sequential revenue recovery can sustain in the coming quarters.