Starbucks Q2 revenue up 14% to $8.7B; comp sales +11%; GAAP EPS $0.79, non-GAAP $0.74

STARBUCKS CORP

2023-Q2 EPS reported $1.53 revenue$17,433,800,000

Global comparable store sales +11%; North America +12%, International +7%, China +3%.
GAAP operating margin 15.2% (up from 12.4%); non-GAAP 14.3% (up from 13.0%).
U.S. Starbucks Rewards active members 30.8M (+15% YoY); net 464 new stores opened in Q2.
CEO Laxman Narasimhan assumed role March 20, succeeding Howard Schultz; Schultz remains on board.
Board declared $0.53/share dividend payable May 26, 2023; $1.5B bond issuance in February.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STARBUCKS CORP reported quarter ended April 2, 2023 results: revenue $8.7 billion, EPS GAAP EPS $0.79; Non-GAAP EPS $0.74.

Period: quarter ended April 2, 2023
Revenue: $8.7 billion
EPS: GAAP EPS $0.79; Non-GAAP EPS $0.74
Result: reported results

Exact text from the filing

Starbucks Reports Q2 Fiscal 2023 Results Q2 Consolidated Net Revenues Up 14% to $8.7 Billion Q2 Comparable Store Sales Up 11% Globally; Up 12% in North America; Up 7% in International Q2 GAAP EPS $0.79; Non-GAAP EPS $0.74 Reflecting Stronger-Than-Expected Performance Globally

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Source: SEC EDGAR

accession 0000829224-23-000035

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