Starbucks Revenue (2012 - 2022) - Is Starbucks Profitable?

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Net global value was $8.1 billion, up 19% from the first quarter of 2021. Despite the company’s growth, supply chain costs increased due to the virus outbreak. In the April 2022 quarter, Starbucks consolidated net sales were $7.6% billion, while earnings per share were 59 cents.

Although net sales declined from the previous quarter, they represented a 15% increase compared to the second quarter of 2021. Starbucks recorded a 17% increase in sales in the United States, reaching $5.4 billion. This was attributed to a 12% comparable store sales growth. Operating profit in the US rose to $931.5 million from $896.4 in the second quarter of last year. In the latest quarter ending October 2022, Starbucks expected consolidated sales to reach $8.3 billion. However, it rose 3.3% from the previous $8.41 billion. The company opened its newest stores in the latest quarter.

Starbucks Revenue

In 2021, Starbucks net sales were $29 billion, up 24% and $5.5 billion, respectively, compared to self employed data the prior year performance. An increase in company-owned sales was attributed to a 20% increase in comparable store sales. 524 new stores were opened during the period.

The company's profit after tax was $4.1 billion, but the net profit from the divestment of some businesses was $865 million. The company's annual revenue for 2020 was $23.5 billion, an increase of 11.28% from the previous year. The maximum quarterly revenue in 2022 was $8.2 billion, while the revenue for the December quarter was $8.714 billion, an increase of 8.24% year-on-year. The annual revenue for December 31, 2022 increased by 8.41% year-on-year to $32.914 billion.