Highest-materiality recent filing
Starbucks completes $1.32B debt tender offer, retires notes across five series
Purchased $1.316B principal of 4.80% 2030, 4.50% 2028, 4.50% 2048, 5.40% 2035, and 5.00% 2034 notes.
Starbucks approves $400M restructuring plan; $280M non-cash impairment, $120M cash charges
Board approved $400M restructuring charge: $280M non-cash (asset impairment), $120M cash (severance).
Starbucks Q2 FY2026: global comps +6.2%, non-GAAP EPS $0.50, raises FY guidance
Global comparable store sales +6.2% (transactions +3.8%, ticket +2.3%); consolidated revenue $9.5B (+9%).
Starbucks closes China JV with Boyu; Boyu takes 60% stake, SBUX retains 40%
JV completes previously announced transaction; Boyu Capital funds now hold 60% of Starbucks China retail operations.
Starbucks annual meeting elects all 11 directors; shareholders pass switch to majority voting
All 11 director nominees elected, including CEO Brian Niccol (830M for, 43M against).
Starbucks Q1 comp sales +4%, first US transaction growth in 8 quarters; GAAP EPS $0.26, down 62% YoY
Global comparable store sales +4% (U.S. +4%, China +7%); consolidated net revenues $9.9B (+6% YoY).
Starbucks confirms Brad Lerman ceased as EVP, CLO on Nov 14, 2025
Brad Lerman's cessation as EVP, Chief Legal Officer effective close of business Nov 14, 2025.
Starbucks sells up to 60% of China retail ops to Boyu Capital in $4B deal
Boyu Capital to acquire up to 60% interest in Starbucks China retail at ~$4B enterprise value; Starbucks retains 40%.
Starbucks Q4 EPS $0.12 (-85% YoY); global comp sales +1% first growth in 7 qtrs
Q4 GAAP EPS $0.12 (-85% YoY), non-GAAP EPS $0.52 (-35%); revenue $9.6B (+5%).
Starbucks approves $1B restructuring; 900 job cuts and store closures planned
Board approved plan on Sept 23, 2025; total charges ~$1B, 90% in North America.
Starbucks Q3 GAAP EPS $0.49 (-47% YoY); North America operating margin collapses to 13.3%
Consolidated net revenues $9.5B (+4% YoY); GAAP EPS $0.49 (-47%), non-GAAP EPS $0.50 (-46%).
Starbucks grants $6M target PRSUs to executives tied to 'Back to Starbucks' turnaround goals
Target value $6M per executive; vesting after FY2027 based on operational and strategic goals.
Starbucks amends bylaws to adopt universal proxy rules and update advance notice provisions
Effective June 25, 2025, Starbucks board amended and restated its Bylaws.
Starbucks appoints Marissa Mayer and Dambisa Moyo to Board of Directors
Board expanded from 9 to 11 directors; Mayer and Moyo effective June 25, 2025.
Starbucks enters new $3.0B revolving credit facility maturing June 13, 2030
New $3.0B unsecured revolving credit facility with Bank of America, Citibank, and others, replacing the 2021 agreement.
Starbucks appoints Mike Grams as COO; CLO Brad Lerman to depart
Mike Grams named COO effective June 4, 2025; oversees global coffeehouse development and supply chain.
On June 4, 2025, the Company also announced that Brad Lerman would no longer serve as the Company’s evp, chief legal officer, as of a date to be determined.
On June 4, 2025, the Board of Directors (the “Board”) of Starbucks Corporation (the “Company”) appointed Mike Grams, currently evp, North America chief coffeehouse officer, to the position of chief operating officer (“coo”), a reinstated position in the Company’s executive leadership team, effective immediately.
Max materiality 0.85 · Median 0.65 · Most common event other_material