Starbucks Corporation

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SKU: SBUX-1 Category:

Description

Starbucks Corporation delivered an all-around beat in the previous quarter. In the fourth quarter, their total revenue surged to an unprecedented $9.4 billion, showcasing an impressive 11% year-over-year increase. The fiscal year’s total revenue hit a significant $36 billion, reflecting a substantial 12% growth for fiscal 2023. The global comparable store sales witnessed an 8% year-over-year increase, demonstrating robust growth for the quarter and the entire fiscal year, driven by a balanced mix of ticket and transaction expansions. Starbucks’ stronghold in the US was evident, with a remarkable 12% revenue increase in the fourth quarter, supported by a significant 8% in comparable store sales. The fall launch was particularly noteworthy, achieving significant average weekly sales. The loyalty program flourished with 90-day active Starbucks Rewards members reaching an all-time high of nearly 33 million. Internationally, Starbucks experienced high store growth, adding nearly 600 stores in the fourth quarter. Their channel business continued to shine globally. The 5-year partnership with Nestle and collaborations with PepsiCo, Tingyi, and Arla further expanded Starbucks’ reach to nearly 90 markets. Despite the volatile environment in fiscal year 2023, Starbucks exceeded expectations, demonstrating the positive impact of its reinvention on revenue growth, efficiency, and margin expansion.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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