---
schema_version: "secwatch.filing_event.v1"
accession: "0000829224-23-000015"
form_type: "8-K"
ticker: "SBUX"
cik: "0000829224"
company_name: "STARBUCKS CORP"
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T03:03:28.300488+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000829224-23-000015
- form_type: 8-K
- ticker: SBUX
- cik: 0000829224
- company_name: STARBUCKS CORP
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/829224/000082922423000015/0000829224-23-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/829224/000082922423000015/sbux-20230202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000829224-23-000015
- JSON: https://secwatch.observer/filing/0000829224-23-000015.json
- Plain text: https://secwatch.observer/filing/0000829224-23-000015.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/829224/000082922423000015/0000829224-23-000015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.