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Starbucks reported a robust first quarter for fiscal 2024, with consolidated net revenues rising 8% to $9.4 billion compared to $8.7 billion in the same quarter of the previous year. This increase was largely attributed to growth in the North America business and the International segment, with global comparable store sales growing by 5%. The U.S. market saw a 5% growth, while international sales grew by 7%. The company's operating margin improved by 140 basis points to 15.8%, driven by sales leverage and operational efficiencies, despite increased investments in wages and benefits for store partners and higher administrative expenses. Starbucks opened 1,475 new company-operated stores, marking an 8% increase over the past 12 months. The company also highlighted the success of its Triple Shot Reinvention with Two Pumps Plan, which is expected to continue driving balanced earnings growth. Looking ahead, Starbucks anticipates transitory headwinds experienced in the first quarter may persist throughout the fiscal year but remains confident in its long-term growth and business model.
Starbucks reported a robust first quarter for fiscal 2024, with consolidated net revenues rising 8% to $9.4 billion compared to $8.7 billion in the same quarter of the previous year. This increase was largely attributed to growth in the North America business and the International segment, with global comparable store sales growing by 5%. The U.S. market saw a 5% growth, while international sales grew by 7%. The company's operating margin improved by 140 basis points to 15.8%, driven by sales leverage and operational efficiencies, despite increased investments in wages and benefits for store partners and higher administrative expenses. Starbucks opened 1,475 new company-operated stores, marking an 8% increase over the past 12 months. The company also highlighted the success of its Triple Shot Reinvention with Two Pumps Plan, which is expected to continue driving balanced earnings growth. Looking ahead, Starbucks anticipates transitory headwinds experienced in the first quarter may persist throughout the fiscal year but remains confident in its long-term growth and business model.
星巴克报告称，2024财年第一季度表现强劲，合并净收入增长8％，达到94亿美元，而去年同期为87亿美元。这一增长主要归因于北美业务和国际板块的增长，全球可比门店销售额增长了5％。美国市场增长了5％，而国际销售增长了7％。尽管增加了对门店合作伙伴的工资和福利的投资以及更高的管理费用，但受销售杠杆率和运营效率的推动，该公司的营业利润率提高了140个基点至15.8％。星巴克新开了1,475家公司运营的门店，在过去12个月中增长了8％。该公司还强调了其 “双泵三重塑计划” 的成功，该计划有望继续推动平衡的收益增长。展望未来，星巴克预计，第一季度经历的过渡性不利因素可能会持续到整个财年，但仍对其长期增长和商业模式充满信心。
星巴克报告称，2024财年第一季度表现强劲，合并净收入增长8％，达到94亿美元，而去年同期为87亿美元。这一增长主要归因于北美业务和国际板块的增长，全球可比门店销售额增长了5％。美国市场增长了5％，而国际销售增长了7％。尽管增加了对门店合作伙伴的工资和福利的投资以及更高的管理费用，但受销售杠杆率和运营效率的推动，该公司的营业利润率提高了140个基点至15.8％。星巴克新开了1,475家公司运营的门店，在过去12个月中增长了8％。该公司还强调了其 “双泵三重塑计划” 的成功，该计划有望继续推动平衡的收益增长。展望未来，星巴克预计，第一季度经历的过渡性不利因素可能会持续到整个财年，但仍对其长期增长和商业模式充满信心。
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