Starbucks Q3 FY2024: EPS $0.93, revenue down 1% to $9.1B, global comps -3%

STARBUCKS CORP

2024-Q3 EPS reported $2.51 revenue$27,102,300,000

GAAP and non-GAAP EPS $0.93, down 7% YoY; operating margin contracted 60 bps to 16.7%.
Global comparable store sales declined 3%, with US -2% and China -14%.
North America revenue +1% to $6.8B; International revenue -7% to $1.8B.
526 net new stores opened; total 39,477; US Rewards members 33.8M (+7% YoY).
Dividend of $0.57 per share declared, payable Aug 30, 2024 to holders of record Aug 16.

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