---
schema_version: "secwatch.filing_event.v1"
accession: "0000829224-25-000013"
form_type: "8-K"
ticker: "SBUX"
cik: "0000829224"
company_name: "STARBUCKS CORP"
filed_at: "2025-01-28T23:59:59+00:00"
generated_at: "2026-05-27T08:50:00.933455+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000829224-25-000013
- form_type: 8-K
- ticker: SBUX
- cik: 0000829224
- company_name: STARBUCKS CORP
- filed_at: 2025-01-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/829224/000082922425000013/0000829224-25-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/829224/000082922425000013/sbux-20250128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000829224-25-000013
- JSON: https://secwatch.observer/filing/0000829224-25-000013.json
- Plain text: https://secwatch.observer/filing/0000829224-25-000013.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.