Starbucks Reports Flat Revenues Amid Turnaround Efforts

Starbucks ( (SBUX) ) has released its Q1 earnings. Here is a breakdown of the information Starbucks presented to its investors.

Starbucks Corporation, a leading global coffee company and coffeehouse chain, reported its financial results for the first quarter of fiscal year 2025, showcasing efforts to rejuvenate its brand through the ‘Back to Starbucks’ strategy. The company’s earnings report revealed consolidated net revenues remained flat at $9.4 billion compared to the prior year, while earnings per share dropped to $0.69, reflecting significant investments in the turnaround strategy. Key financial metrics indicated a 4% decline in global comparable store sales, attributed to a decrease in transactions, although average ticket prices rose. North American operations saw a 1% decrease in net revenues due to lower store sales, while international revenues grew by 1% amidst store expansion. The company opened 377 net new stores, maintaining a strong presence in the U.S. and China, which together account for 61% of its global portfolio. Looking ahead, Starbucks management remains optimistic about the long-term growth potential and brand revitalization efforts, with a focus on enhancing shareholder value through strategic investments and operational efficiencies.