NASDAQ$SBUX
Starbucks Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Starbucks' Q1 2024 performance was strong, marked by record revenue and comparable store sales growth.
Starbucks reported a strong first quarter in fiscal year 2024, with consolidated net revenues up 8% to a record $9.4 billion. Global comparable store sales increased by 5%, driven by transaction growth. GAAP EPS grew by 22% to $0.90, and non-GAAP EPS increased by 20% to $0.90.
- Global comparable store sales increased 5%, driven by a 3% increase in comparable transactions and 2% increase in average ticket.
- North America and U.S. comparable store sales increased 5%, driven by a 4% increase in average ticket and 1% increase in comparable transactions.
- International comparable store sales increased 7%, driven by a 11% increase in comparable transactions and 3% decline in average ticket.
- The company opened 549 net new stores in Q1, ending the period with 38,587 stores.
Headline financials
Revenue & EPS history
Starbucks · Revenue · Quarterly
$9.43B
Revenue by segment
Starbucks · $9.37B total across 3 segments · Q4 2023
- Company-operated$7.68B+11.3%81.9%
- Licensed stores$1.19B+18.9%12.7%
- Other$506M-1.6%5.4%
Forward guidance
Fiscal 2024 financial targets will be discussed during the Q1 FY24 earnings conference call.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.2%
Avg return
Earnings day
-0.4%
Avg return
5 days after
+1.7%
Avg return
30 days after
51%
37 / 73 earnings
Positive
+12.4%
Q4 2023
Best reaction
-15.7%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +0.1% | +7.9% | +1.9% | |
| Q1 2026 | -0.8% | -4.2% | +2.4% | |
| Q4 2025 | -0.9% | -5.4% | +3.5% | |
| Q3 2025 | -0.2% | -3.4% | -5.1% | |
| Q2 2025 | -5.7% | -3.8% | -1.1% | |
| Q1 2025 | +8.1% | +7.7% | +15.3% | |
| Q4 2024 | +0.3% | +0.9% | +3.7% | |
| Q3 2024 | +3.7% | +0.9% | +26.1% | |
| Q2 2024 | -15.7% | -17.2% | -10.8% | |
| Q1 2024 | -0.8% | -0.9% | +1.2% | |
| Q4 2023 | +12.4% | +13.5% | +8.6% | |
| Q3 2023 | +0.6% | -0.9% | -4.1% | |
| Q2 2023 | -9.3% | -6.4% | -14.9% | |
| Q1 2023 | -5.2% | -2.9% | -4.9% | |
| Q4 2022 | +8.6% | +9.7% | +24.2% | |
| Q3 2022 | +2.8% | +1.0% | +0.6% | |
| Q2 2022 | +8.3% | +1.5% | +5.4% | |
| Q1 2022 | -0.6% | -3.4% | -6.9% | |
| Q4 2021 | -6.6% | -1.8% | -2.5% | |
| Q3 2021 | -2.9% | -3.7% | -9.3% | |
| Q2 2021 | -3.0% | -1.2% | -2.1% | |
| Q1 2021 | -5.4% | -6.4% | +0.0% | |
| Q4 2020 | -0.2% | +1.4% | +13.2% | |
| Q3 2020 | +1.3% | +0.1% | +9.1% | |
| Q2 2020 | -1.1% | -5.1% | +1.0% | |
| Q1 2020 | -2.3% | -4.4% | -11.8% | |
| Q4 2019 | +0.5% | -2.1% | +1.5% | |
| Q3 2019 | +9.3% | +6.6% | +4.5% | |
| Q2 2019 | +1.4% | +1.7% | -0.3% | |
| Q1 2019 | +1.0% | +0.9% | +7.3% | |
| Q4 2018 | +10.4% | +13.3% | +14.5% | |
| Q3 2018 | +1.0% | +1.5% | +2.2% | |
| Q2 2018 | +1.1% | +0.7% | +0.4% | |
| Q1 2018 | -4.7% | -6.0% | -7.7% | |
| Q4 2017 | +1.6% | +3.8% | +4.0% | |
| Q3 2017 | -6.8% | -5.5% | -6.2% | |
| Q2 2017 | -2.4% | -1.7% | +2.8% | |
| Q1 2017 | -4.4% | -5.9% | -2.1% | |
| Q4 2016 | -0.4% | +3.1% | +8.0% | |
| Q3 2016 | +0.6% | +1.3% | -4.5% | |
| Q2 2016 | -5.3% | — | — | |
| Q1 2016 | +4.0% | — | — | |
| Q4 2015 | -1.5% | — | — | |
| Q3 2015 | +1.1% | — | — | |
| Q2 2015 | +7.2% | — | — | |
| Q1 2015 | +8.5% | — | — | |
| Q4 2014 | -1.3% | — | — | |
| Q3 2014 | -0.5% | — | — | |
| Q2 2014 | +1.5% | — | — | |
| Q1 2014 | +1.9% | — | — | |
| Q4 2013 | +1.8% | — | — | |
| Q3 2013 | +10.1% | — | — | |
| Q2 2013 | +0.3% | — | — | |
| Q1 2013 | +4.3% | — | — | |
| Q4 2012 | +10.8% | — | — | |
| Q3 2012 | -5.8% | — | — | |
| Q2 2012 | -3.5% | — | — | |
| Q1 2012 | +0.2% | — | — | |
| Q4 2011 | -0.9% | — | — | |
| Q3 2011 | -7.8% | — | — | |
| Q2 2011 | -1.0% | — | — | |
| Q1 2011 | +3.5% | — | — | |
| Q4 2010 | -1.2% | — | — | |
| Q3 2010 | -0.6% | — | — | |
| Q2 2010 | -3.5% | — | — | |
| Q1 2009 | +0.8% | — | — | |
| Q1 2010 | +0.7% | — | — | |
| Q2 2009 | +0.4% | — | — | |
| Q4 2009 | +0.4% | — | — | |
| Q4 2007 | +0.4% | — | — | |
| Q3 2009 | -2.1% | — | — | |
| Q4 2008 | -2.1% | — | — | |
| Q3 2008 | -2.1% | — | — |
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