---
schema_version: "secwatch.filing_event.v1"
accession: "0000829224-23-000035"
form_type: "8-K"
ticker: "SBUX"
cik: "0000829224"
company_name: "STARBUCKS CORP"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T04:16:41.365970+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000829224-23-000035
- form_type: 8-K
- ticker: SBUX
- cik: 0000829224
- company_name: STARBUCKS CORP
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/829224/000082922423000035/0000829224-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/829224/000082922423000035/sbux-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000829224-23-000035
- JSON: https://secwatch.observer/filing/0000829224-23-000035.json
- Plain text: https://secwatch.observer/filing/0000829224-23-000035.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/829224/000082922423000035/0000829224-23-000035-index.htm

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