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 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 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 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.
Starbucks Q2 FY25 GAAP EPS $0.34, down 50% YoY; revenue $8.8B +2%
Global comparable store sales fell 1%, with U.S. down 2% on 4% fewer transactions.
Starbucks appoints Cathy Smith as CFO effective March 24; interim CFO named
Cathy R. Smith becomes EVP, CFO effective March 24, 2025; will also serve as principal financial and accounting officer.
Starbucks appoints Cathy Smith as CFO as Rachel Ruggeri departs
Cathy Smith named EVP, CFO, effective date TBD; succeeds Rachel Ruggeri, who is leaving without cause.
Starbucks Q1 EPS $0.69 (-23% YoY), global comps -4%, operating margin contracts 390 bps
Q1 consolidated net revenues $9.4B flat YoY; EPS $0.69 down 23% from $0.90.
Job eliminations expected for support teams; changes to be communicated by early March 2025.
Starbucks clarifies CEO Niccol's equity grants with $75-80M replacement and $23M FY2025 target
Replacement grant target value of $75M-$80M, calculated using grant-date closing price; board ratified amendments.
Starbucks Q4 revenue down 3% to $9.1B, EPS $0.80, comp sales decline 7%; suspends FY2025 guidance
Global comparable store sales fell 7% (transactions -8%, ticket +2%); U.S. comps -6%, China comps -14%.
Starbucks reports preliminary Q4 global comp -7%, suspends FY2025 guidance, increases dividend
Q4 global comparable store sales -7%; net revenue $9.1B (-3%); GAAP EPS $0.80 (-25%).
Starbucks appoints Chipotle CEO Brian Niccol as CEO and Chairman, effective Sept 9
Laxman Narasimhan steps down as CEO immediately; no disagreement cited.
Starbucks Q3 FY2024: EPS $0.93, revenue down 1% to $9.1B, global comps -3%
GAAP and non-GAAP EPS $0.93, down 7% YoY; operating margin contracted 60 bps to 16.7%.
Starbucks Q2 FY2024: revenue $8.6B (-2% YoY), GAAP EPS $0.68 (-14%), global comps -4%
Global comparable store sales fell 4% (transactions -6%, ticket +2%); North America comps -3%, International -6%, China -11%.
Starbucks completes $2B senior notes offering across three tranches
$1B of 4.850% Senior Notes due 2027, $500M of 4.900% due 2031, $500M of 5.000% due 2034.
Starbucks Q1 FY2024: Record revenue $9.4B, EPS $0.90 (+22%), global comps +5%
Q1 consolidated net revenues up 8% to record $9.4B; GAAP EPS $0.90 (+22%), non-GAAP EPS $0.90 (+20%).
Starbucks Q4 FY2023: Record revenue $9.4B, GAAP EPS $1.06 (+39% YoY), comp sales +8% globally
Q4 consolidated net revenues record $9.4B (+11% YoY); global comp store sales +8% driven by +4% ticket and +3% transactions.
Howard Schultz resigns from Starbucks board; Wei Zhang elected director
Howard Schultz resigned as Starbucks director effective Sept 12, 2023, after serving as interim CEO in 2022.
Starbucks Q3 revenue record $9.2B, EPS beats: GAAP $0.99, adj $1.00, global comp +10%
Consolidated net revenue up 12% to $9.2B; GAAP EPS $0.99 (+25%), non-GAAP EPS $1.00 (+19%).
Starbucks Q2 revenue up 14% to $8.7B; comp sales +11%; GAAP EPS $0.79, non-GAAP $0.74
Global comparable store sales +11%; North America +12%, International +7%, China +3%.
Laxman Narasimhan assumes Starbucks CEO role; Howard Schultz transitions from interim CEO
Narasimhan officially became CEO and joined the board on March 20, 2023, after a five-month immersion.
Starbucks Q1 record revenue $8.7B, US comps +10%, China -29%; reaffirms FY23 guidance
Q1 consolidated revenue $8.7B (+8% YoY) record; GAAP EPS $0.74, non-GAAP EPS $0.75.
Starbucks Q4 GAAP EPS $0.76; revenue record $8.4B; U.S. comps +11%, China -16%
GAAP EPS $0.76 vs $1.49 prior year; Non-GAAP EPS $0.81 vs $0.99.
On June 11, 2026, Starbucks Corporation (the “Company”) designated Val Bauduin, 50, as the Company’s principal accounting officer.
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.
and that Ms. Ruggeri will cease serving in such roles, effective as of March 7, 2025.
On March 7, 2025, the Board determined that Ms. Smith will be appointed as executive vice president, chief financial officer and designated as the Company’s principal financial officer and principal accounting officer, effective, in each case, as of her anticipated start date of March 24, 2025
effective March 7, 2025, the Board appointed Val Bauduin, senior vice president, North America Finance of the Company, as interim chief financial officer and designated Mr. Bauduin as the Company’s principal financial officer and principal accounting officer, in each case, until the Effective Date.
announced the appointment of Cathy R. Smith as executive vice president, chief financial officer
On January 14, 2025, Mellody Hobson informed Starbucks Corporation (the “Company”) that she will not stand for reelection at the Company’s 2025 Annual Meeting of Shareholders.
On September 12, 2024, Michael Conway, chief executive officer, North America of Starbucks Corporation (the "Company") informed the Company of his intention to retire effective November 30, 2024.
appointed Mellody Hobson, who is the current chairman of the Board, as lead independent director, effective on the Effective Date.
approved the appointment of Brian Niccol as chief executive officer of the Company and chairman of the Board, effective September 9, 2024
On May 30, 2024, Satya Nadella informed Starbucks Corporation that he is resigning from the Board of Directors (the "Board") effective immediately.
Max materiality 0.85 · Median 0.62 · Most common event earnings