Starbucks’ net revenue reached 29.46 billion U.S. dollars in 2023. This shows an increase over the previous year's total of 26.58 billion U.S. dollars. The global coffeehouse chain has seen a year-over-year increase in revenue for the past decade, except for the decline in 2020 which could be attributed to stay-at-home measures implemented due to the coronavirus (COVID-19) pandemic.
How many Starbucks stores are there?
In recent years, Starbucks has expanded exponentially, more than doubling its units over the past 10 years. The number of Starbucks stores worldwide exceeded 38 thousand in 2023. This figure also included other segments owned by the coffee-chain such as Siren Retail and Teavana. In that year, Starbucks had the most stores outside of its home country. Countries the company has expanded to include Turkey, Taiwan, and Indonesia. Starbucks units have grown almost every year over the past decade. The only drop was in 2009, most likely due to the global financial crisis.
What Starbucks products are the most popular?
While Starbucks is primarily a coffeehouse chain it also offers consumers a variety of other products. These include beverages such as teas, hot chocolates, smoothies and iced drinks, and a selection of food products. Perhaps unsurprisingly, the Starbucks revenue breakdown showed that the sale of beverages has been the number one source of revenue for the chain over the last decade. Meanwhile, food sales have also been a large contributor to Starbucks’ revenue in recent years.
FAQs
Starbucks' net revenue reached 29.46 billion U.S. dollars in 2023. This shows an increase over the previous year's total of 26.58 billion U.S. dollars.
How much revenue did Starbucks make in 2023? ›
Starbucks revenue for the twelve months ending December 31, 2023 was $36.687B, a 11.46% increase year-over-year. Starbucks annual revenue for 2023 was $35.976B, a 11.55% increase from 2022. Starbucks annual revenue for 2022 was $32.25B, a 10.98% increase from 2021.
How many Starbucks worldwide in 2023? ›
World-famous coffeehouse chain, Starbucks, accounted for 38,038 stores worldwide in 2023.
What is the main source of revenue for Starbucks? ›
The primary source of revenue for Starbucks comes from its company-operated stores. These are the iconic coffeehouses that we see on street corners and in shopping malls.
Is Starbucks doing well financially? ›
How it compares financially. With the continued expansion, Starbucks' revenue for the first quarter of fiscal 2024 (ended Dec. 31) rose 8% yearly to $9.4 billion. That was less than the 12% rise in fiscal 2023, though it included a 5% increase in comparable store sales in fiscal Q1.
What is the net revenue of Starbucks worldwide? ›
Starbucks' net revenue reached 29.46 billion U.S. dollars in 2023. This shows an increase over the previous year's total of 26.58 billion U.S. dollars.
What is the current revenue of Starbucks? ›
According to Starbucks's latest financial reports the company's current revenue (TTM) is $36.68 B. In 2022 the company made a revenue of $32.91 B an increase over the years 2021 revenue that were of $30.36 B. The revenue is the total amount of income that a company generates by the sale of goods or services.
Who is Starbucks owned by? ›
Starbucks is owned by its shareholders, as it is a publicly-traded company. The company has more than 1,500 institutional shareholders, according to the proxy statement that Starbucks filed with the SEC on January 7, 2022. This figure clearly shows how well-diversified the ownership of the company is.
What is the brand value of Starbucks 2023? ›
In 2023, Starbucks was the highest-valued restaurant brand worldwide, with a brand value of over 53.4 billion U.S. dollars. McDonald's ranked second with approximately 36.86 billion dollars in brand value.
How big is Starbucks revenue? ›
Starbucks had revenue of $36.69B in the twelve months ending December 31, 2023, with 11.46% growth year-over-year. Revenue in the quarter ending December 31, 2023 was $9.43B with 8.16% year-over-year growth. In the fiscal year ending October 1, 2023, Starbucks had annual revenue of $35.98B with 11.55% growth.
The #1 grossing store in the entire world happens to be in New York. The address is 612 5th Avenue in New York City. This Starbucks makes an estimated $20 million per year and serves over 8,000 customers every day.
Is Starbucks a profit or non profit? ›
Over the next year, Starbucks looks forward to engaging stakeholders around the world as we determine how best to deliver on our responsibility as a for-profit public company. Please feel free to share your feedback with us at globalresponsibility@starbucks.com.
Is Starbucks growing or declining? ›
The company now expects full-year comparable sales - both globally and in the U.S. - to grow between 4% and 6%, down from its previous range of 5% to 7% growth.
How is Starbucks doing financially in 2024? ›
For fiscal 2024, the company now anticipates revenue growth of 7% to 10%, down from its prior forecast of 10% to 12%. Starbucks also lowered its global same-store sales outlook to a range of 4% to 6%, from its previous range of 5% to 7%.
How successful is Starbucks today? ›
In 2022, Starbucks' net revenue reached 26.58 billion U.S. dollars. Much like with its units, there was year-over-year growth in revenue over the past 10 years up until 2019. Like many food and drink service companies, Starbucks saw a decline in revenue in 2020 due to the coronavirus (COVID-19) pandemic.
How much revenue did Starbucks make last year? ›
Starbucks had revenue of $36.69B in the twelve months ending December 31, 2023, with 11.46% growth year-over-year. Revenue in the quarter ending December 31, 2023 was $9.43B with 8.16% year-over-year growth.
How many Starbucks are there in the US 2023? ›
Globally famous coffeehouse chain, Starbucks, accounted for 9,645 company-operated and 6,701 licensed stores in the United States in 2023. The number of Starbucks stores has steadily increased over the past decade.
