Starbucks Q1 FY2024: Record revenue $9.4B, EPS $0.90 (+22%), global comps +5%

STARBUCKS CORP

2024-Q1 EPS reported $0.90 revenue$9,425,300,000

Q1 consolidated net revenues up 8% to record $9.4B; GAAP EPS $0.90 (+22%), non-GAAP EPS $0.90 (+20%).
Global comparable store sales +5%: North America +5% (ticket +4%), International +7% (transactions +11%). China comps +10%.
North America operating margin expanded 290 bps to 21.4% on sales leverage; International margin contracted 120 bps to 13.1%.
U.S. Starbucks Rewards active members 34.3M (+13% YoY); record U.S. card loads $3.6B.
Opened 549 net new stores (total 38,587); repurchased 12.8M shares for $1.3B; dividend $0.57/share payable Feb 23.

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 1.0

STARBUCKS CORP reported the quarter ended December 31, 2023 results: EPS GAAP earnings per share of $0.90.

Period: the quarter ended December 31, 2023
EPS: GAAP earnings per share of $0.90
Result: reported results

Exact text from the filing

On January 30, 2024, Starbucks Corporation issued a press release announcing its financial results for the quarter ended December 31, 2023. A copy of the press release is attached as Exhibit 99.1.

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Source: SEC EDGAR

accession 0000829224-24-000011

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