secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000829224-24-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000082922424000023/0000829224-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000082922424000023/sbux-20240430.htm
  HTML page:      https://secwatch.observer/filing/0000829224-24-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer