
Starbucks Revenues Edge Up 1% to $36.2B Amid Traffic Declines
Starbucks CorporationDescription
What this story covers
Starbucks' 2024 10-K shows 36 point 2 billion dollars revenues, up 1 percent from new stores, but offset by 2 percent comp sales drop and China challenges. Operating margin fell to 15 point 0 percent, EPS 3 dollars 31 cents. Strategy refocuses on innovation and efficiency under new CEO. Strong liquidity with 3 point 8 billion dollars cash; 15 point 7 billion dollars debt managed via hedges. Ethical sourcing and partner benefits emphasized.
Story snapshot
CompanyStarbucks Corporation
TickerSBUX
VariantStandard detailed
Duration10:19
Filing type10-K
PeriodAnnual 2024
IndustryConsumer Services
Accession0000829224-24-000057
Full Story Script
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