Starbucks Earnings Reports

Starbucks reported Q4 2025 results with a 5% year-over-year revenue increase and a return to global comparable sales growth. Despite restructuring costs heavily impacting operating margins and net income, adjusted EPS came in stronger than GAAP results, reflecting early signs of momentum from its 'Back to Starbucks' strategy.

Starbucks delivered $9.5B in revenue for Q3 2025, with EPS declining due to one-time investments and margin pressures. While comparable sales declined in key regions, store growth and international revenue helped offset broader softness.

Starbucks posted a 2% increase in consolidated net revenues to $8.8 billion, but GAAP operating margin contracted 590 basis points to 6.9%. Global comparable store sales declined 1%, with North America down 1% and International up 2%. The company opened 213 net new stores, ending the quarter with 40,789 stores globally.

Starbucks reported Q1 fiscal year 2025 results, showing flat consolidated net revenues of $9.4 billion compared to the prior year. EPS declined to $0.69, reflecting investments in the 'Back to Starbucks' strategy. Global comparable store sales decreased by 4%, driven by a decline in comparable transactions.

Starbucks reported a 3% decrease in consolidated net revenues, totaling $9.1 billion. Global comparable store sales declined by 7%, driven by an 8% decrease in comparable transactions. GAAP and Non-GAAP EPS were $0.80, a 25% decrease year-over-year.

Starbucks reported a 1% decrease in consolidated net revenues, totaling $9.1 billion. Global comparable store sales declined by 3%, influenced by a 5% decrease in comparable transactions. GAAP and non-GAAP EPS both stood at $0.93.

Starbucks reported a 2% decline in consolidated net revenues to $8.6 billion for Q2 2024, driven by a 4% decrease in global comparable store sales. GAAP and non-GAAP EPS both landed at $0.68. The company opened 364 net new stores, bringing the total to 38,951 worldwide.

Starbucks reported a strong first quarter in fiscal year 2024, with consolidated net revenues up 8% to a record $9.4 billion. Global comparable store sales increased by 5%, driven by transaction growth. GAAP EPS grew by 22% to $0.90, and non-GAAP EPS increased by 20% to $0.90.

Starbucks reported strong Q4 2023 results, with consolidated net revenues up 11% to a record $9.4 billion. Global comparable store sales increased by 8%, driven by growth in both North America and International segments. GAAP EPS and non-GAAP EPS both reached $1.06, reflecting a significant year-over-year increase. The company opened 816 net new stores, bringing the global count to 38,038.

Starbucks reported a strong third quarter in fiscal year 2023, with consolidated net revenues up 12% to a record $9.2 billion. Global comparable store sales increased by 10%, and GAAP EPS reached $0.99, with non-GAAP EPS at $1.00, exceeding expectations.

Starbucks reported a 14% increase in consolidated net revenues, reaching $8.7 billion. Global comparable store sales rose by 11%, driven by transaction growth and average ticket increases. GAAP EPS was $0.79, while non-GAAP EPS was $0.74, reflecting stronger-than-expected performance globally.

Starbucks reported strong Q1 2023 results, with record net revenues of $8.7 billion, up 8% year-over-year. Global comparable store sales increased by 5%, driven by growth in North America. The company's performance was impacted by COVID-related headwinds in China, but overall results demonstrate the strength and resilience of the business.

Starbucks reported a 3% increase in consolidated net revenues to a record $8.4 billion in Q4 2022, or 11% on a 13-week basis. Global comparable store sales rose by 7%, with an 11% increase in the U.S. offsetting a decline in international sales. GAAP EPS was $0.76, while non-GAAP EPS reached $0.81, bolstered by strong September performance.

Starbucks reported a 9% increase in consolidated net revenues, reaching a quarterly record of $8.2 billion. Global comparable store sales rose by 3%, with significant growth in the U.S. (9%) and internationally (excluding China). GAAP EPS was $0.79, while non-GAAP EPS reached $0.84, boosted by U.S. performance and global demand outside of China. The U.S. Starbucks Rewards membership increased by 13% to 27.4 million active members.

Starbucks reported a 15% increase in consolidated net revenues, reaching a Q2 record of $7.6 billion. Global comparable store sales rose by 7%, driven by growth in North America and U.S. Non-GAAP EPS was $0.59, impacted by lockdowns in China and inflationary headwinds.

Starbucks reported a 19% increase in consolidated net revenues to $8.1 billion for Q1 2022. Global comparable store sales rose by 13%, with a significant 18% increase in the U.S. GAAP EPS grew by 30% to $0.69, while non-GAAP EPS increased by 18% to $0.72.

Starbucks reported a strong finish to fiscal 2021 with record performance in the fourth quarter. Consolidated net revenues grew by 31% to a record $8.1 billion, and global comparable store sales increased by 17%. The company is also committing to $20 billion of share repurchases and dividends over the next three years and announced historic investments in its partners (employees).

Starbucks reported record Q3 fiscal 2021 results with consolidated net revenues up 78% to a record $7.5 billion. Global comparable store sales increased by 73%, and the company achieved a record non-GAAP EPS of $1.01. The company is raising its full-year fiscal 2021 margin and earnings per share guidance.

Starbucks reported strong Q2 fiscal year 2021 results, with global comparable store sales increasing by 15% and significant growth in the U.S. and China. The company raised its full-year fiscal 2021 revenue, margin, and earnings per share guidance.

Starbucks reported a 5% decline in global comparable store sales, with U.S. sales down 5% and China up 5%. GAAP EPS was $0.53, and non-GAAP EPS was $0.61. The company opened 278 net new stores, bringing the global total to 32,938.

Starbucks reported Q4 fiscal 2020 results with a consolidated net revenue of $6.2 billion, an 8% decrease year-over-year. Global comparable store sales declined by 9%, though there was a recovery in the U.S. and China markets. GAAP EPS was $0.33, while non-GAAP EPS was $0.51.

Starbucks Q3 fiscal year 2020 results were significantly impacted by the COVID-19 pandemic, with consolidated net revenues declining by 38% to $4.2 billion. The company experienced a GAAP EPS of -$0.58 and a non-GAAP EPS of -$0.46, reflecting sales deleverage and investments in retail partner support. However, the company noted that the vast majority of stores have reopened and the global business is steadily recovering.

Starbucks Q2 fiscal 2020 results were negatively impacted by the COVID-19 pandemic, with a 5% decrease in consolidated net revenues to $6.0 billion and a 47% decrease in GAAP EPS to $0.28. Global comparable store sales declined by 10%, driven by a decrease in comparable transactions. However, the company saw steady business improvement in China, with substantially all stores reopened and customer engagement growing.

Starbucks reported a strong first quarter in fiscal year 2020, with global comparable store sales up 5%, driven by growth in the U.S. and China. The company opened 539 net new stores and saw a 7% increase in consolidated net revenues. GAAP EPS was $0.74, and non-GAAP EPS was $0.79.