Starbucks tumbled nearly 5% in premarket trading as its net revenue and sales fell short of market expectations.The financial report showed that Starbucks Q4 revenue was 8.147 billion US dollars, a year-on-year increase of 31.3%; The net profit was USD 1.764 billion, a year-on-year increase of 349.4%.
According to business division, the revenue of Starbucks Q4 Company's direct stores was 6.864 billion US dollars, a year-on-year increase of 32.7%; The revenue of franchise stores was 795 million US dollars, a year-on-year increase of 45.9%; Revenue from other businesses was USD 488 million, up 0.6% year-on-year.
Q4 Starbucks's total operating expenditure was 6.785 billion US dollars, a year-on-year increase of 17.8%; Operating profit was USD 1.482 billion, up 165.5% year-on-year.
Diluted earnings per share was US $1.49, up 0.33% year-on-year.
In the fourth quarter, Starbucks's global comparable store sales increased by 17%; Comparable store sales in the United States increased by 22%.
Starbucks promised to buy back shares and pay dividends of $20 billion in the next three years.
Starbucks opened a net 538 new stores in the fourth quarter of fiscal year 2021, a year-on-year increase of 4%. The number of stores in the world reached a record 33,833, of which 51% were direct stores and 49% were licensed stores.
As of the end of the fourth quarter of fiscal year 2021, stores in the United States and China accounted for 62% of the company's global stores, with 15,450 and 5,360 stores respectively.
Starbucks's annual revenue in fiscal year 2021 was US $29.06 billion, a year-on-year increase of 23.6%; The net profit was 4.2 billion US dollars, a year-on-year increase of 352.4%; Diluted earnings per share was $3.54, up 348% year-on-year.