Starbucks Q1 EPS $0.69 (-23% YoY), global comps -4%, operating margin contracts 390 bps

STARBUCKS CORP

2025-Q1 EPS reported $0.69 revenue$9,397,800,000

Q1 consolidated net revenues $9.4B flat YoY; EPS $0.69 down 23% from $0.90.
Global comparable store sales -4% (transactions -6%, ticket +3%); U.S. -4% (transactions -8%, ticket +4%); China -6%.
Operating margin 11.9%, down 390 bps; North America segment margin 16.7% (down 470 bps).
Board declared $0.61/share dividend, payable Feb 28, 2025; 59th consecutive quarterly payout.
Mellody Hobson will not stand for re-election; Belinda Wong retired as Starbucks China chairwoman.

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