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Finance

What Drove Starbucks’s Revenue in 2018?

In fiscal 2018, Starbucks (SBUX) posted revenue of $24.72 billion, a rise of 10.4% from $22.39 billion in fiscal 2017. The net addition of 1,985 restaurants and global SSSG (same-store sales growth) of 2.0% drove the company’s revenue during the period.

However, the company’s sale of its Tazo brand in the first quarter of fiscal 2018, its sale of its e-commerce business in the fourth quarter of fiscal 2017, and its licensing of its CPG and foodservice businesses to Nestlé offset some of the growth in its fiscal 2018 revenue.

View more information: https://marketrealist.com/2018/12/what-drove-starbuckss-revenue-in-2018/

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