Starbucks Q3 revenue record $9.2B, EPS beats: GAAP $0.99, adj $1.00, global comp +10%

STARBUCKS CORP

2023-Q3 EPS reported $2.52 revenue$26,602,000,000

Consolidated net revenue up 12% to $9.2B; GAAP EPS $0.99 (+25%), non-GAAP EPS $1.00 (+19%).
Global comparable store sales +10%; North America +7%, International +24%, China +46%.
Opened 588 net new stores, ending Q3 with 37,222 stores globally.
Board declared $0.53/share dividend payable Aug 25; repurchased 2.0M shares for $204M in Q3.
Operating margin expanded to 17.3% GAAP (17.4% non-GAAP) driven by sales leverage and pricing.

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 financial results for fiscal third quarter ended July 2, 2023.

Period: fiscal third quarter ended July 2, 2023
Result: reported results

Exact text from the filing

On August 1, 2023, Starbucks Corporation issued a press release announcing its financial results for the quarter ended July 2, 2023.

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

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Source: SEC EDGAR

accession 0000829224-23-000042

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