---
schema_version: "secwatch.filing_event.v1"
accession: "0000829224-25-000057"
form_type: "8-K"
ticker: "SBUX"
cik: "0000829224"
company_name: "STARBUCKS CORP"
filed_at: "2025-07-29T23:59:59+00:00"
generated_at: "2026-05-17T23:54:46.947298+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Starbucks Q3 GAAP EPS $0.49 (-47% YoY); North America operating margin collapses to 13.3%

## Summary
- 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.

## SEC filing metadata
- accession: 0000829224-25-000057
- form_type: 8-K
- ticker: SBUX
- cik: 0000829224
- company_name: STARBUCKS CORP
- filed_at: 2025-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/829224/000082922425000057/0000829224-25-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/829224/000082922425000057/sbux-20250729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000829224-25-000057
- JSON: https://secwatch.observer/filing/0000829224-25-000057.json
- Plain text: https://secwatch.observer/filing/0000829224-25-000057.txt

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