Starbucks Q1 record revenue $8.7B, US comps +10%, China -29%; reaffirms FY23 guidance

STARBUCKS CORP

2023-Q1 EPS reported $0.74 revenue$8,713,900,000

Q1 consolidated revenue $8.7B (+8% YoY) record; GAAP EPS $0.74, non-GAAP EPS $0.75.
Global comp store sales +5%; US +10% (ticket +9%, transactions +1%), China -29% (transactions -28%).
Opened 459 net new stores, total 36,170; US Rewards active members 30.4M (+15% YoY).
Reaffirmed FY2023 guidance; resumed share repurchases ($191.4M in Q1); expects ~$20B shareholder returns by FY2025.
Board declared $0.53 dividend payable Feb 24/record Feb 10; 51 quarters of consistent payouts.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STARBUCKS CORP reported the quarter ended January 1, 2023 results: revenue $8.7 billion, EPS $0.74. Guidance reaffirmed.

Period: the quarter ended January 1, 2023
Revenue: $8.7 billion
EPS: $0.74
Guidance: reaffirmed
Result: reported results

Exact text from the filing

A copy of the press release is attached as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- Starbucks Reports Q1 Fiscal 2023 Results Q1 Consolidated Net Revenues Up 8% to a Record $8.7 Billion Q1 Comparable Store Sales Up 5% Globally; Up 10% in the U.S; Up Double Digits Internationally, Excluding China Q1 GAAP EPS $0.74; Non-GAAP EPS $0.75; Performance Materially

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