secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0000829224-24-000047
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000082922424000047/0000829224-24-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000082922424000047/sbux-20241022.htm
  HTML page:      https://secwatch.observer/filing/0000829224-24-000047

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