Starbucks Reports Q2 FY25 Financial Results with Revenues Up 2%

Details

Consolidated net revenues increased by 2% to $8.8 billion, reflecting a 3% increase on a constant currency basis. GAAP operating margin contracted by 590 basis points to 6.9%, primarily due to deleverage and additional labor costs. GAAP earnings per share (EPS) declined by 50% to $0.34 compared to the prior year. Non-GAAP operating margin also contracted by 460 basis points to 8.2%. The company opened 213 new stores in Q2, bringing the total to 40,789 stores globally.

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About Starbucks Corporation

Starbucks Corporation is a renowned global leader in the coffeehouse industry, offering a wide array of beverages including coffee, tea, and other specialty drinks, alongside complementary food items. The company operates retail locations worldwide, providing customers with a unique coffeehouse experience characterized by quality products and a welcoming atmosphere. Beyond its physical stores, Starbucks significantly impacts the coffee production industry, promoting sustainable sourcing and ethical supply chain practices. Its operations extend into grocery and convenience stores through products like ready-to-drink beverages and consumer-packaged coffee. Founded in 1971 and headquartered in Seattle, Washington, Starbucks Corporation is pivotal in shaping consumer beverage preferences and enhancing global coffee culture, influencing both retail and wholesale sectors.