{"id":198565,"date":"2023-11-02T11:00:00","date_gmt":"2023-11-02T15:00:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=198565"},"modified":"2023-11-02T13:09:25","modified_gmt":"2023-11-02T17:09:25","slug":"coffeehouse-giant-starbucks-brew-tiful-q4-earnings-stock-high-on-caffeine-infused-joy","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/coffeehouse-giant-starbucks-brew-tiful-q4-earnings-stock-high-on-caffeine-infused-joy\/","title":{"rendered":"Coffeehouse Giant Starbucks’ Brew-tiful Q4 Earnings, Stock High On Caffeine-Infused Joy"},"content":{"rendered":"\n

Starbucks Corp <\/strong>reported fourth-quarter FY23 sales growth of 11.4% year-on-year to $9.37 billion, beating the analyst consensus estimate of $9.29 billion.<\/a><\/p>\n\n\n\n

Comparable store sales for Q4 increased 8% globally, grew 8% in North America, and climbed 5% internationally.<\/p>\n\n\n\n

Revenue in North America rose 12.5% to $6.9 billion, and International revenue increased 11.4% to $1.98 billion.<\/p>\n\n\n\n

Adjusted EPS of $1.06 beat the consensus estimate of $0.97.<\/a><\/p>\n\n\n\n

Operating expenses climbed 6.5% Y\/Y to $7.8 billion. Operating margin for the quarter contracted 400 basis points to 18.2%, and the operating income jumped 42.7% to $1.706 billion.<\/p>\n\n\n\n

The company opened 816 net new stores in Q4, ending the period with 38,038 stores: 52% company-operated and 48% licensed.<\/p>\n\n\n\n

At the end of Q4, stores in the U.S. and China comprised 61% of the company’s global portfolio, with 16,352 and 6,806 stores in the U.S. and China, respectively.<\/p>\n\n\n\n

The company held $3.95 billion in cash and equivalents as of October 1, 2023. Operating cash flow for the year totaled $6 billion.<\/p>\n\n\n\n

“Our Reinvention is moving ahead of schedule, fueling revenue growth, efficiency and margin expansion<\/a>,” said CEO Laxman Narasimhan.<\/p>\n\n\n\n

The company’s cash dividend of $0.57 per share is payable on November 24, 2023, to shareholders of record on November 10, 2023.<\/p>\n\n\n\n

Rachel Ruggeri, CFO, said, “We are proud that our full fiscal year 2024 guidance will be grounded on a balance of both revenue growth and margin expansion.”<\/p>\n\n\n\n

Outlook<\/strong>: <\/h2>\n\n\n\n

Starbucks sees FY24 revenue growth at the lower end of 10% – 12% forecast. SBUX continues to see FY24 adjusted EPS growth to be 15% – 20%. It expects global comparable sales growth to be 5% – 7%.<\/p>\n\n\n\n

Price Action<\/strong>: <\/h2>\n\n\n\n

SBUX shares are trading higher by 10.08% at $100.56 premarket on the last check Thursday.<\/p>\n\n\n\n

—<\/p>\n\n\n\n

Originally Posted November 2, 2023 – Coffeehouse Giant Starbucks’ Brew-tiful Q4 Earnings, Stock High On Caffeine-Infused Joy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Starbucks Corp reported fourth-quarter FY23 sales growth of 11.4% year-on-year to $9.37 billion, beating the analyst consensus estimate of $9.29 billion.<\/p>\n","protected":false},"author":1225,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,8,9,22,26,3],"tags":[267,1168],"contributors-categories":[13584],"class_list":{"0":"post-198565","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-north-america","7":"category-region","8":"category-securities","9":"category-stocks","10":"category-text-articles","11":"category-traders-insight","12":"tag-earnings","13":"tag-starbucks","14":"contributors-categories-benzinga"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nCoffeehouse Giant Starbucks’ Brew-tiful Q4 Earnings, Stock High On Caffeine-Infused Joy<\/title>\n<meta name=\"description\" content=\"Starbucks Corp reported fourth-quarter FY23 sales growth of 11.4% year-on-year to $9.37 billion, beating the analyst consensus estimate of $9.29 billion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/198565\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coffeehouse Giant Starbucks' Brew-tiful Q4 Earnings, Stock High On Caffeine-Infused Joy | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Starbucks Corp reported fourth-quarter FY23 sales growth of 11.4% year-on-year to $9.37 billion, beating the analyst consensus estimate of $9.29 billion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/coffeehouse-giant-starbucks-brew-tiful-q4-earnings-stock-high-on-caffeine-infused-joy\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-02T15:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-02T17:09:25+00:00\" \/>\n<meta name=\"author\" content=\"Shivani Kumaresan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shivani Kumaresan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t \"@context\": \"https:\\\/\\\/schema.org\",\n\t \"@graph\": [\n\t {\n\t \"@type\": \"NewsArticle\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/coffeehouse-giant-starbucks-brew-tiful-q4-earnings-stock-high-on-caffeine-infused-joy\\\/#article\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/coffeehouse-giant-starbucks-brew-tiful-q4-earnings-stock-high-on-caffeine-infused-joy\\\/\"\n\t },\n\t \"author\": {\n\t \"name\": \"Shivani Kumaresan\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e732ff4d85339ccb829c65add717914b\"\n\t },\n\t \"headline\": \"Coffeehouse Giant Starbucks’ Brew-tiful Q4 Earnings, Stock High On Caffeine-Infused Joy\",\n\t \"datePublished\": \"2023-11-02T15:00:00+00:00\",\n\t \"dateModified\": \"2023-11-02T17:09:25+00:00\",\n\t \"mainEntityOfPage\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/coffeehouse-giant-starbucks-brew-tiful-q4-earnings-stock-high-on-caffeine-infused-joy\\\/\"\n\t },\n\t \"wordCount\": 281,\n\t \"commentCount\": 0,\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"keywords\": [\n\t \"earnings\",\n\t \"Starbucks\"\n\t ],\n\t \"articleSection\": [\n\t \"North America\",\n\t \"Region\",\n\t \"Securities\",\n\t \"Stocks\",\n\t \"Text Articles\",\n\t \"Traders' Insight\"\n\t ],\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"CommentAction\",\n\t \"name\": \"Comment\",\n\t \"target\": [\n\t \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/coffeehouse-giant-starbucks-brew-tiful-q4-earnings-stock-high-on-caffeine-infused-joy\\\/#respond\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"WebPage\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/coffeehouse-giant-starbucks-brew-tiful-q4-earnings-stock-high-on-caffeine-infused-joy\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/coffeehouse-giant-starbucks-brew-tiful-q4-earnings-stock-high-on-caffeine-infused-joy\\\/\",\n\t \"name\": \"Coffeehouse Giant Starbucks' Brew-tiful Q4 Earnings, Stock High On Caffeine-Infused Joy | IBKR Campus US\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t },\n\t \"datePublished\": \"2023-11-02T15:00:00+00:00\",\n\t \"dateModified\": \"2023-11-02T17:09:25+00:00\",\n\t \"description\": \"Starbucks Corp reported fourth-quarter FY23 sales growth of 11.4% year-on-year to $9.37 billion, beating the analyst consensus estimate of $9.29 billion.\",\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"ReadAction\",\n\t \"target\": [\n\t \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/coffeehouse-giant-starbucks-brew-tiful-q4-earnings-stock-high-on-caffeine-infused-joy\\\/\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"WebSite\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"name\": \"IBKR Campus US\",\n\t \"description\": \"Financial Education from Interactive Brokers\",\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"SearchAction\",\n\t \"target\": {\n\t \"@type\": \"EntryPoint\",\n\t \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t },\n\t \"query-input\": {\n\t \"@type\": \"PropertyValueSpecification\",\n\t \"valueRequired\": true,\n\t \"valueName\": \"search_term_string\"\n\t }\n\t }\n\t ],\n\t \"inLanguage\": \"en-US\"\n\t },\n\t {\n\t \"@type\": \"Organization\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t \"name\": \"Interactive Brokers\",\n\t \"alternateName\": \"IBKR\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"logo\": {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"width\": 669,\n\t \"height\": 669,\n\t \"caption\": \"Interactive Brokers\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t },\n\t \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t },\n\t {\n\t \"@type\": \"Person\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e732ff4d85339ccb829c65add717914b\",\n\t \"name\": \"Shivani Kumaresan\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/shivani-kumaresan\\\/\"\n\t }\n\t ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Coffeehouse Giant Starbucks’ Brew-tiful Q4 Earnings, Stock High On Caffeine-Infused Joy","description":"Starbucks Corp reported fourth-quarter FY23 sales growth of 11.4% year-on-year to $9.37 billion, beating the analyst consensus estimate of $9.29 billion.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/198565\/","og_locale":"en_US","og_type":"article","og_title":"Coffeehouse Giant Starbucks' Brew-tiful Q4 Earnings, Stock High On Caffeine-Infused Joy | IBKR Campus US","og_description":"Starbucks Corp reported fourth-quarter FY23 sales growth of 11.4% year-on-year to $9.37 billion, beating the analyst consensus estimate of $9.29 billion.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/coffeehouse-giant-starbucks-brew-tiful-q4-earnings-stock-high-on-caffeine-infused-joy\/","og_site_name":"IBKR Campus US","article_published_time":"2023-11-02T15:00:00+00:00","article_modified_time":"2023-11-02T17:09:25+00:00","author":"Shivani Kumaresan","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Shivani Kumaresan","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/coffeehouse-giant-starbucks-brew-tiful-q4-earnings-stock-high-on-caffeine-infused-joy\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/coffeehouse-giant-starbucks-brew-tiful-q4-earnings-stock-high-on-caffeine-infused-joy\/"},"author":{"name":"Shivani Kumaresan","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/e732ff4d85339ccb829c65add717914b"},"headline":"Coffeehouse Giant Starbucks’ Brew-tiful Q4 Earnings, Stock High On Caffeine-Infused Joy","datePublished":"2023-11-02T15:00:00+00:00","dateModified":"2023-11-02T17:09:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/coffeehouse-giant-starbucks-brew-tiful-q4-earnings-stock-high-on-caffeine-infused-joy\/"},"wordCount":281,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"keywords":["earnings","Starbucks"],"articleSection":["North America","Region","Securities","Stocks","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/coffeehouse-giant-starbucks-brew-tiful-q4-earnings-stock-high-on-caffeine-infused-joy\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/coffeehouse-giant-starbucks-brew-tiful-q4-earnings-stock-high-on-caffeine-infused-joy\/","url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/coffeehouse-giant-starbucks-brew-tiful-q4-earnings-stock-high-on-caffeine-infused-joy\/","name":"Coffeehouse Giant Starbucks' Brew-tiful Q4 Earnings, Stock High On Caffeine-Infused Joy | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"datePublished":"2023-11-02T15:00:00+00:00","dateModified":"2023-11-02T17:09:25+00:00","description":"Starbucks Corp reported fourth-quarter FY23 sales growth of 11.4% year-on-year to $9.37 billion, beating the analyst consensus estimate of $9.29 billion.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/coffeehouse-giant-starbucks-brew-tiful-q4-earnings-stock-high-on-caffeine-infused-joy\/"]}]},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/e732ff4d85339ccb829c65add717914b","name":"Shivani Kumaresan","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/shivani-kumaresan\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/198565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/1225"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=198565"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/198565\/revisions"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=198565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=198565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=198565"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=198565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}