secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0000829224-24-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000082922424000011/0000829224-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000082922424000011/sbux-20240130.htm
  HTML page:      https://secwatch.observer/filing/0000829224-24-000011

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