Licensed Stores — Revenue
Starbucks Licensed Stores — Revenue remained flat by 0.0% to $1.09B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 3.4%, from $1.13B to $1.09B. Over 4 years (FY 2021 to FY 2025), Licensed Stores — Revenue shows an upward trend with a 12.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests successful brand expansion and growth in partner-operated locations, while a decrease may indicate store closures, lower partner sales volume, or a shift in the company's franchising strategy.
Detailed definition
This metric represents the total revenue generated from stores operated by third-party partners under a licensing agreem...
Peer comparison
Similar to franchise revenue or royalty income reported by other global restaurant and retail chains that utilize a hybrid ownership model.
sbux_segment_licensed_stores_revenuesHistorical Data
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $2.68B | $3.66B | $4.51B | $4.51B | $4.35B |
| YoY Change | — | +36.2% | +23.4% | -0.2% | -3.4% |
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Frequently Asked Questions
- What is Starbucks's licensed stores — revenue?
- Starbucks (SBUX) reported licensed stores — revenue of $1.09B in Q4 2025.
- How has Starbucks's licensed stores — revenue changed year-over-year?
- Starbucks's licensed stores — revenue decreased by 3.4% year-over-year, from $1.13B to $1.09B.
- What is the long-term trend for Starbucks's licensed stores — revenue?
- Over 4 years (2021 to 2025), Starbucks's licensed stores — revenue has grown at a 12.8% compound annual growth rate (CAGR), from $2.68B to $4.35B.
- What does licensed stores — revenue mean?
- Revenue earned from stores operated by third-party partners who pay for the right to use the brand and purchase company products.