secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000829224-23-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000082922423000035/0000829224-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000082922423000035/sbux-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000829224-23-000035

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