secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2026-07-29T20:06:12+00:00
Accession:  0000829224-26-000129
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starbucks Q3 global comp +7.9%, NA +8.1%; raises FY EPS guidance to $2.55-$2.65
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- Global comparable store sales +7.9% (transactions +4.2%, ticket +3.5%); North America +8.1%, U.S. +7.9%.
- Consolidated net revenues $9.3B (-1% YoY) reflecting China JV conversion; GAAP EPS $0.91, non-GAAP EPS $0.85.
- Non-GAAP operating margin expanded 430 bps to 14.4%; GAAP operating margin 10.5% (+60 bps).
- Raises FY2026 guidance: U.S. comp >6%, global comp ~6%, non-GAAP EPS $2.55-$2.65, op margin >11%.
- Board declares $0.62 dividend payable Aug 28; completed China JV with Boyu Capital, retains 40% stake.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000082922426000129/0000829224-26-000129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000082922426000129/sbux-20260729.htm
  HTML page:      https://secwatch.observer/filing/0000829224-26-000129

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