Starbucks reports preliminary Q4 global comp -7%, suspends FY2025 guidance, increases dividend

STARBUCKS CORP

2024-FY EPS reported $3.31 revenue$36,176,200,000

Q4 global comparable store sales -7%; net revenue $9.1B (-3%); GAAP EPS $0.80 (-25%).
U.S. comp -6% (transactions -10%, ticket +4%); China comp -14% (ticket -8%, transactions -6%).
Full FY2024 revenue $36.2B (+1%); GAAP EPS $3.31 (-8%); non-GAAP EPS $3.31 (-6%).
FY2025 guidance suspended for strategic reset; quarterly dividend raised from $0.57 to $0.61.
CEO Brian Niccol outlines 'Back to Starbucks' plan focusing on core coffeehouse experience and simplifying menu.

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