Starbucks Q2 FY2024: revenue $8.6B (-2% YoY), GAAP EPS $0.68 (-14%), global comps -4%

STARBUCKS CORP

2024-Q2 EPS reported $1.58 revenue$17,988,300,000

Global comparable store sales fell 4% (transactions -6%, ticket +2%); North America comps -3%, International -6%, China -11%.
GAAP operating margin contracted 240 bps to 12.8%; non-GAAP EPS $0.68, down 8% YoY.
Opened 364 net new stores; total 38,951; U.S. Rewards membership 32.8M, up 6% YoY.
Board declared $0.57/share dividend payable May 31, 2024; $2B bond issuance in February.

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 13-week fiscal second quarter ended March 31, 2024 results: revenue $8.6 billion, EPS $0.68.

Period: 13-week fiscal second quarter ended March 31, 2024
Revenue: $8.6 billion
EPS: $0.68
Result: reported results

Exact text from the filing

31, 2024. A copy of the press release is attached as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- Starbucks Reports Q2 Fiscal 2024 Results Q2 Consolidated Net Revenues Down 2% to $8.6 Billion, Driven by a Complex Operating Environment Q2 GAAP and Non-GAAP EPS of $0.68; Long-Term Strategy Remains Intact Q2 Active U.S. Starbucks ® Rewards Membership Totals 32.8 Million,

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Source: SEC EDGAR

accession 0000829224-24-000023

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