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Starbucks Reports on Q4, 2020

11/03/2020

On October 29th Starbucks Corporation (SBUX) reported on the fourth quarter and fiscal 2020 ending September 27th. For the most recent quarter, revenue from both company-owned and franchised stores amounted to $6,203 million.  Net earnings were $392.6 million with an EPS of $0.33.  Comparable figures for the fourth quarter ending September 29th 2019 were revenue of $6,747 million with net earnings of $802.4 million and an EPS of $0.67.

 

Kevin Johnson, President and CEO stated, "these results demonstrate the continued strength and relevance of our brand, the effectiveness of the actions we've taken to adapt to meaningful changes in consumer behavior and the extraordinary efforts of our Green-Apron partners to serve our customers and communities in challenging circumstances.

 

For fiscal 2020 net revenue was $23,518 million with net earnings of $928 million and an EPS of $0.79.  Comparative data for fiscal 2019 were net revenue of $26,509 million, net earnings of $3,599 million an EPS of $2.92.

 

Starbucks operates 32,660 stores globally with 18,354 in the U.S. and 4,700 in China.  For the fourth quarter, global same-store sales declined by nine percent.  In the U.S. same-store sales declined by nine percent due to a 25 percent reduction in transactions offset by a 21 percent increase in unit transaction.  In the U.S., Starbucks increased active 90-day members of the loyalty program by 19.3 million.

 

Starbucks posted assets of $29,375 million of which $4,149 million comprised intangibles and goodwill.  Long-term debt including lease commitments amounted to $23,327 million.

 

Starbucks has a market capitalization of $100.43 Billion and has traded over the past fifty-two weeks in the range of $50.02 to $94.13 with a fifty-day moving average of $87.44.  For the trailing twelve months, Starbucks posted an operating margin of 6.5 percent and a profit margin of 4.0 percent.  Return on assets was 3.9 percent.