US-based coffee retailer Starbucks has reported a 41.4% rise in quarterly net earnings, boosted by strong holiday sales.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company posted net earnings of US$110.8m, or 27 cents a share, for the first quarter to 28 December, compared to $78.4m, or 20 cents a share, a year earlier.


Consolidated net revenues increased 27.7% to $1.3bn from $1.0bn in the year-ago period.


“I am extremely pleased with our first quarter results. Our partners’ focused execution at all levels of the business resulted in the most successful first quarter in Starbucks history,” said CEO Orin Smith. “From a strong holiday promotion in our retail stores, to continued growth of our specialty and international operations, our performance sets a strong foundation for Starbucks fiscal year 2004.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now