NASDAQ$SBUX
Starbucks Corp · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Starbucks' Q3 2024 financial performance reflected a slight revenue decline, offset by strategic action plans amidst continued headwinds.
Starbucks reported a 1% decrease in consolidated net revenues, totaling $9.1 billion. Global comparable store sales declined by 3%, influenced by a 5% decrease in comparable transactions. GAAP and non-GAAP EPS both stood at $0.93.
- Global comparable store sales decreased by 3%, driven by a 5% decline in transactions.
- North America comparable store sales decreased by 2%, with a 6% decline in comparable transactions.
- International comparable store sales decreased by 7%, influenced by a 4% decline in average ticket.
- The company opened 526 net new stores, bringing the total to 39,477 stores worldwide.
Headline financials
Revenue & EPS history
Starbucks · Revenue · Quarterly
$9.11B
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
The company will discuss fiscal year 2024 financial targets during its Q3 FY24 earnings conference call starting today at 2:00 p.m. Pacific Time.
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 Q3 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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