Positive Global Revenue Growth
Starbucks reported a 5% global revenue growth and a 1% global comparable store sales growth, marking the first positive quarter in 7 quarters.
U.S. Company-Operated Sales Comp Turnaround
The U.S. company-operated sales comps turned positive in September and remained positive through October, driven by improved transaction comps.
International Segment Performance
The international segment delivered a 3% comp sales growth in the fourth quarter, with strong performances in Japan, China, the U.K., and Mexico.
Growth in Delivery Business
Starbucks' delivery business in the U.S. expanded by nearly 30% year-over-year in the fourth quarter, surpassing $1 billion in sales for the fiscal year.
Introduction of Green Apron Service
The Green Apron Service led to record low hourly partner turnover and improved customer experience scores, with 80% of U.S. company-operated coffee houses achieving cafe service times averaging 4 minutes or less.
Expansion of International Footprint
Starbucks opened 316 net new coffee houses in the fourth quarter, with total international revenues reaching a record $2.1 billion.