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.
Global comparable store sales declined 4%, driven by a 6% decline in comparable transactions, partially offset by a 3% increase in average ticket.
North America and U.S. comparable store sales declined 4%, driven by an 8% decline in comparable transactions, partially offset by a 4% increase in average ticket.
International comparable store sales declined 4%, driven by a 2% decline in both average ticket and comparable transactions; China comparable store sales declined 6%, driven by a 4% decline in average ticket and a 2% decline in comparable transactions.
The company opened 377 net new stores in Q1, ending the period with 40,576 stores: 53% company-operated and 47% licensed.
Starbucks is focused on its 'Back to Starbucks' strategy and shareholder value through dividends.
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