Luckin Coffee: Tea Leaves of Starbucks China Earnings
Coffee and Coffee Shops
Starbucks China Earnings in Charts
Starbucks (SBUX) reported its October - December quarter earnings on January 30th, 2024. Here are the updates of its China business in seven charts. Please note that the fiscal year end of SBUX is September 30th while our charts use calendar year end of December 31st.
Chart 1: Quarterly Revenue in China ($ MM)
Source: Company filings.
Chart 2: QoQ Revenue Growth Rate in China
Source: Company filings.
Chart 3: Comparable Store Sales Growth in China
Source: Company filings.
Chart 4: Quarter End Store Count in China
Source: Company filings.
Chart 5: New Store Openings Per Quarter in China
Source: Company filings.
Chart 6: Average Revenue Per Store Per Quarter (ARPS/Q) in China
Source: Company filings.
Chart 7: ARPS/Q Growth Rate in China
Source: Company filings.