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Starbucks Corporation  (SBUX)
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    Sector  Services    Industry Restaurants
   Industry Restaurants
   Sector  Services


 

Starbucks Corporation

SBUX's Financial Statements and Analysis



Starbucks Corporation reported in the second quarter of 2024 net earnings per share of $0.68 a decrease by -13.92 % year on year from $0.79 and decline of -24.44 % from $0.90 earned in I. Quarter (Dec 31 2023).


second quarter of 2024
Earnings Per Share Revenues
$ 0.68 $  8,563 Mill
$-0.11     -13.92 % $-157M     -1.8 %



Starbucks's Revenue fell by -1.8 % in second quarter of 2024 (Mar 31 2024) year on year, to $8,563 million and declined by -9.15 % sequentially.


Starbucks is

More on SBUX's Income Statement



Starbucks 's net income of $772.500 million in the second quarter of 2024 decreased by -14.95 % from net earnings of $908.300 million achieved in II. Quarter a year ago.

Sequentially net earnings fell by -24.59 % from net income of $1,024.400 million realized in previous quarter.

More on SBUX's Growth



Starbucks Inventories
Inventories declined by -12.83 % to $1,744.00 million from II. Quarter a year ago, sequentially inventories rose by 5.93 %. In Mar 31 2024 company's net cash and cash equivalents decreased by $-236 million, capital expenditures fell by -485.235.84%, to $-659 millions compare to same quarter a year ago

More on SBUX's Cash flow Statement


Starbucks Corporation payed out dividend of $2.19 per share in last 52 weeks representing 60.33 % of net earning per share in trailing twelve-month period.

During the same period Starbucks Corporation earned $ 0.67 cash per share, on a free-cash flow basis 18.39 % of net earning per share.


Tangible Book value grew to $ -10.38 per share from $ -10.54.

Company repurchased 5.20 million shares or 0.46 % in Mar 31 2024.
Interest Coverage Ratio was 13.18. Debt Coverage Ratio was 0.38.

More on SBUX's Dividends

 Market Capitalization (Millions) 90,435
 Shares Outstanding (Millions) 1,135
 Total Debt (Millions $) 15,590
 Revenue (TTM) (Millions $) 36,530
 Net Income (TTM) (Millions $) 4,158
 Cash Flow (TTM) (Millions $) -308
 Capital Exp. (TTM) (Millions $) -2,587
 Dividend TTM ($) 2.19 $
 Dividend Yield TTM (%) 2.85 %
 Employees (TTM) $ 402,000




Starbucks Corporation payed out dividend of $2.19 per share in the last 52 weeks representing 60.33 % of net earning per share in trailing twelve-month period.

During the same period Starbucks Corporation had $ 0.67 cash flow per share, on a free-cash flow basis 18.39 % of net earning per share.


Tangible Book value grew to $ -10.38 per share from $ -10.54.

Company repurchased 5.20 million shares or 0.46 % in Mar 31 2024.
Interest Coverage Ratio was 13.18. Debt Coverage Ratio was 0.38.

More on SBUX's Balance Sheets

 Market Capitalization (Millions) 90,435
 Shares Outstanding (Millions) 1,135
 Total Debt (Millions $) 15,590
 Revenue (TTM) (Millions $) 36,530
 Net Income (TTM) (Millions $) 4,158
 Cash Flow (TTM) (Millions $) -308
 Capital Exp. (TTM) (Millions $) -2,587
 Dividend TTM ($) 2.19 $
 Dividend Yield TTM (%) 2.85 %
 Employees (TTM) $ 402,000
   


  News about Starbucks Corporation Earnings

Starbucks Corporation Meticulously Maneuvers Through Financial Challenges to Secure a Brighter Future

As Starbucks Corporation navigates through the challenges presented in the second quarter of fiscal 2024, the company remains steadfast in their commitment to enhancing employee benefits and implementing a long-term growth strategy. While the recent financial numbers may paint a bleak picture, it is important to note that Starbucks is proactively addressing the issues at hand and taking steps to ensure a brighter future.
The decline in global comparable store sales and a decrease in revenue may be concerning, but Starbucks is not backing down. The company recognizes the importance of their employees, referred to as partners, and is dedicated to improving their experience within the organization. By inves...

Starbucks Soars as EPS Surges by 21.62%: Strong Financial Performance Amidst Fierce Competition

Starbucks Elects New Board Members and Faces Stock Performance Challenges
Starbucks Coffee Company, a global leader in the coffee industry, recently announced the election of three new members to its Board of Directors ? Daniel Servitje, Neal Mohan, and Mike Sievert. These new additions bring a wealth of experience and expertise in global operations, corporate business development, and industry insights. However, this news comes at a challenging time for Starbucks, as its stock performance has been declining.
Daniel Servitje, the CEO of Grupo Bimbo since 1997 and Chairman since 2013, joins the Starbucks Board with over 20 years of global operations experience. Grupo Bimbo, a leader in the baking indu...

Starbucks Corporation Brews Up Record-Breaking 11.402% Revenue Rise in Q4 2023

Starbucks Corporation continues to impress investors and stakeholders alike with its strong financial performance in the fourth quarter of 2023. The company reported a substantial increase in profit per share, jumping by 38.68% to $1.06 per share. Additionally, revenue saw a significant increment of 11.402% to $9.37 billion, compared to the prior year period.
Of particular note is the fact that Starbucks outperformed its competitors in the Restaurants industry, with a higher growth rate for its top-line. While most companies in the industry experienced an average top-line growth of 9.96% in the fourth quarter of 2023 relative to the same period a year ago, Starbucks exceeded this figure with its impressi...

Starbucks Corporation Posts Impressive 12.493% Revenue Surge amid Financial Term Concluding July 2nd, 2023, Outpacing Restaurant Sector Peers

Starbucks Corporation is a global coffeehouse chain a...

Excellent conduct by the company amid the fiscal second quarter of 2023

Starbucks Corporation is on the rise, with impressive numbers in its second quarter of 2023 financial report. The profit per share jumped by a who...


Date modified: 2024-05-01T13:50:43+00:00





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