earnings
confidence high
sentiment negative
materiality 0.85
Starbucks Q3 GAAP EPS $0.49 (-47% YoY); North America operating margin collapses to 13.3%
STARBUCKS CORP
2025-Q3 EPS reported
$1.51
revenue$27,615,400,000
- Consolidated net revenues $9.5B (+4% YoY); GAAP EPS $0.49 (-47%), non-GAAP EPS $0.50 (-46%).
- Global comp store sales -2% (transactions -2%, avg ticket +1%); U.S. comp sales -2% with transactions -4%.
- North America operating margin 13.3% vs 21.0% a year ago, a 770 bps contraction on deleverage and investments.
- China comp store sales +2% (transactions +6%, ticket -4%); International revenue $2.0B (+9%).
- Completed $1.75B bond issuance; declared $0.61 dividend payable 8/29; added two board members.
item 2.02item 9.01