---
schema_version: "secwatch.filing_event.v1"
accession: "0000829224-24-000023"
form_type: "8-K"
ticker: "SBUX"
cik: "0000829224"
company_name: "STARBUCKS CORP"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T05:08:15.844643+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000829224-24-000023
- form_type: 8-K
- ticker: SBUX
- cik: 0000829224
- company_name: STARBUCKS CORP
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/829224/000082922424000023/0000829224-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/829224/000082922424000023/sbux-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000829224-24-000023
- JSON: https://secwatch.observer/filing/0000829224-24-000023.json
- Plain text: https://secwatch.observer/filing/0000829224-24-000023.txt

## Key facts
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/829224/000082922424000023/0000829224-24-000023-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.