secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000829224-24-000051
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starbucks Q4 revenue down 3% to $9.1B, EPS $0.80, comp sales decline 7%; suspends FY2025 guidance
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- Global comparable store sales fell 7% (transactions -8%, ticket +2%); U.S. comps -6%, China comps -14%.
- Q4 GAAP and non-GAAP EPS $0.80, down 25% YoY; operating margin contracted 380 bps to 14.4%.
- North America operating income fell 22% to $1.25B; margin contracted 450 bps to 18.7%.
- Full fiscal 2025 guidance suspended; CEO Brian Niccol appointed Sept 9, focusing on 'Back to Starbucks' turnaround.
- Quarterly dividend of $0.61/share declared, payable Nov 29 to holders of record Nov 15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000082922424000051/0000829224-24-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000082922424000051/sbux-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000829224-24-000051

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