secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2025-07-29T23:59:59+00:00
Accession:  0000829224-25-000057
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000082922425000057/0000829224-25-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000082922425000057/sbux-20250729.htm
  HTML page:      https://secwatch.observer/filing/0000829224-25-000057

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer