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Starbucks Kicks Off 2025 With $9.4B In Revenue Amid Turnaround Efforts

by THEFUTURE.TEAM

January 29, 2025

Global coffee giant Starbucks Corp. reported $9.4 billion in consolidated net revenues for the first quarter of its 2025 fiscal year, reflecting steady performance despite ongoing challenges.

Financial Performance

Starbucks’ total revenue for the quarter ending December 29, 2024, remained flat compared to the same period last year, even when adjusted for currency fluctuations, according to its earnings report released Tuesday.

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Globally, comparable store sales slipped 4%, primarily due to a 6% drop in transactions. However, the decline was somewhat cushioned by a 3% increase in the average ticket size.

In North America, the company’s largest market, net revenues declined 1% year-over-year to $7.1 billion. Operating income in the region saw a sharper drop, plunging 22% to $1.2 billion. The revenue dip was attributed to a 4% decline in comparable store sales, which stemmed from an 8% fall in transactions, partially offset by a 4% rise in average ticket value. Starbucks also faced headwinds in its licensed store business, further impacting revenue.

Internationally, the company fared slightly better. Net revenues outside North America edged up 1% year-over-year to $1.9 billion. However, a 4% decrease in comparable store sales—driven by a 2% drop in both average tickets and transactions—partially offset these gains. Operating income from international markets also dipped 2% to $237.1 million compared to the same quarter last year.

Leadership Insights

Despite the challenges, Starbucks executives remain optimistic.

“We’re just one quarter into our turnaround, but we’re moving fast with our ‘Back to Starbucks’ initiatives, and the response has been encouraging,” said Starbucks Chairman and CEO Brian Niccol.

Chief Financial Officer Rachel Ruggeri echoed the sentiment, emphasizing the company’s commitment to shareholder value. “We’re in the early stages of our transformation, but we’ll continue to prioritize dividends, ensuring a consistent return of capital as we drive the business forward.”

Market Reaction And Rankings

Investor sentiment remained steady, with Starbucks shares inching up 0.4% to close at $100.8 in after-hours trading on Tuesday.

Starbucks holds the 319th spot on Forbes’ 2024 Global 2000 list, while its former CEO and notable stakeholder Howard Schultz ranks 999th on Forbes’ Real-Time Billionaires list, with a net worth of $3.4 billion as of January 29, 2025.

As the company navigates its turnaround, all eyes will be on Starbucks’ ability to reignite growth and maintain its position as a dominant force in the coffee industry.

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Cyprus’ Strong Youth Employment Rate Still Does Not Guarantee Early Independence

by THEFUTURE.TEAM

September 16, 2026

Young people in Cyprus have a relatively high employment rate, but they leave the parental home later than the EU average, according to Eurostat data.

Cypriots left home at an average age of 27 in 2025, compared with 26.3 years across the EU. At the same time, 72.3% of people aged 20 to 29 in Cyprus were employed, well above the EU average of 65.5%.

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Strong Employment Does Not Mean Early Independence

Only nine countries recorded higher youth employment rates than Cyprus. Iceland led at 85.3%, followed by the Netherlands at 84%, Malta at 82.1%, Switzerland at 78.3% and Germany at 77%.

Norway recorded 76.5%, Ireland 76.1%, Denmark 74.8% and Austria 74.6%. Eurostat said countries where young people leave home earlier generally tend to have higher youth employment rates.

Southern Europe Sees Later Moves

Finland had the lowest average age for leaving the parental home at 21.4 years, followed by Denmark at 21.8 and Estonia and Lithuania at 22.7. Croatia recorded the highest average at 31.5 years, followed by Greece and Slovakia at 30.9. Spain and Italy both stood at 30.2 years.

Across the EU, the average has remained close to 26 since 2002, rising only slightly from 26.2 years in 2024 to 26.3 years in 2025.

Cyprus Labour Market Is Cooling

The figures come as Cyprus’ labor market shows some signs of easing, although demand for workers remains relatively strong by European standards.

Separate Eurostat data showed Cyprus had the EU’s largest annual decline in its job vacancy rate in the second quarter of 2026. The rate fell to 2.6% from 3.3% a year earlier, but remained above the EU average of 2.0% and the euro area average of 2.1%.

Cost Of Living Remains A Factor

Housing and other living costs can also affect how quickly young workers establish independent households. Eurostat reported that Cyprus’ household consumption price level was 89.2% of the EU average in 2025.

A relatively lower overall price level does not eliminate affordability pressures for people on modest incomes. For younger workers, the issue can be whether wages are sufficient to cover rent, utilities, food and other basic expenses.

Cyprus therefore combines relatively high youth employment with a later transition to independent living, suggesting that access to work and the ability to afford a separate household do not always move together.