Starbucks Corp Stock Price, News & Analysis

Starbucks (NASDAQ: SBUX) reported Q1 FY2025 financial results with flat consolidated net revenues of $9.4 billion compared to the prior year. The company faced challenges with global comparable store sales declining 4%, driven by a 6% decrease in transactions, partially offset by a 3% increase in average ticket.

Key metrics include: EPS of $0.69 (down 23% year-over-year), operating margin contracted 390 basis points to 11.9%, and 377 net new stores opened, reaching a total of 40,576 stores globally. U.S. Starbucks Rewards membership grew to 34.6 million active members, up 1% year-over-year.

The company is implementing its "Back to Starbucks" strategy, focusing on store partner wages, benefits, and customer experience improvements. Notable changes include doubling paid parental leave for U.S. retail partners and introducing a new mission statement and Coffeehouse Code of Conduct.

Starbucks (NASDAQ: SBUX) has scheduled the release of its Q1 fiscal year 2025 financial results after market close on Tuesday, January 28, 2025. The company will host a conference call at 2:00 p.m. Pacific Time to discuss the results.

The conference call will be webcast with closed captioning and will be accessible through the company's investor relations website. A replay of the webcast will remain available until March 14, 2025.

Starbucks operates more than 40,000 stores worldwide and maintains its position as the world's premier roaster and retailer of specialty coffee, continuing its tradition of ethically sourcing and roasting high-quality arabica coffee since 1971.

Starbucks (NASDAQ: SBUX) has announced its Board of Directors' approval of a quarterly cash dividend of $0.61 per share of outstanding Common Stock. The dividend will be paid on February 28, 2025, to shareholders of record as of February 14, 2025. Starbucks operates more than 40,000 stores worldwide and maintains its position as the world's premier specialty coffee roaster and retailer, continuing its tradition of ethically sourcing and roasting high-quality arabica coffee since 1971.

Starbucks (NASDAQ: SBUX) has announced the elimination of extra charges for non-dairy milk alternatives in U.S. and Canada company-owned stores, effective November 7, 2023. The change applies to soymilk, oatmilk, almondmilk, and coconutmilk substitutions. Non-dairy milk is the second most requested customization after espresso shots. Nearly half of Starbucks' customers who currently pay for beverage modifications will see a price reduction exceeding 10%. This initiative aligns with the company's commitment to enhance customer experience and customization options.

Starbucks reported its Q4 and full fiscal year 2024 results, reflecting a challenged customer experience. Q4 consolidated net revenues declined by 3% to $9.1 billion. Global comparable store sales fell by 7%, driven by an 8% decline in transactions, partially offset by a 2% increase in average ticket.

North America and U.S. comparable store sales declined by 6%, while international sales fell by 9%. The company opened 722 new stores, ending the period with 40,199 stores globally. GAAP and Non-GAAP EPS were $0.80, a 25% decline year-over-year. GAAP operating margin contracted by 380 basis points to 14.4%.

For the full fiscal year, consolidated net revenues rose by 1% to $36.2 billion. Global comparable store sales declined by 2%. GAAP EPS for the year was $3.31, an 8% decrease. Starbucks Rewards membership in the U.S. grew 4% to 33.8 million. The company has suspended guidance for fiscal 2025 to reassess business strategies.

Starbucks (NASDAQ: SBUX) has announced an increase in its quarterly cash dividend from $0.57 to $0.61 per share of outstanding Common Stock. This marks the company's fourteenth consecutive annual increase, with a compound annual growth rate (CAGR) of approximately 20% since initiating its dividend in 2010.

The increased dividend will be payable on November 29, 2024, to shareholders of record on November 15, 2024. This raise brings Starbucks' annual dividend rate to $2.44 per share. The company's commitment to dividend growth is evident, having started with a $0.05 per share dividend in 2010 and consistently increasing it each year since.

Starbucks reported preliminary Q4 and full fiscal year 2024 results, showing challenges in customer experience and financial performance. Key points include:

- Q4 global comparable store sales declined 7%, with consolidated net revenues down 3% to $9.1 billion
- Full fiscal year 2024 saw a 2% decline in global comparable store sales, with consolidated net revenues up 1% to $36.2 billion
- GAAP and non-GAAP earnings per share for Q4 is $0.80, down 25% year-over-year
- Full year GAAP and non-GAAP EPS is $3.31, down 8% from previous year
- U.S. comparable store sales declined 6%, while China's declined 14% in Q4
- Company suspended guidance for fiscal year 2025 due to CEO transition and business reassessment
- Board approved an increase in quarterly cash dividend from $0.57 to $0.61 per share

CEO Brian Niccol announced a 'Back to Starbucks' plan to address performance issues and refocus on core strengths.

Starbucks (Nasdaq: SBUX) has announced its plans to release the fourth quarter and full fiscal year 2024 financial results after market close on Wednesday, October 30, 2024. This will be followed by a conference call at 2:00 p.m. Pacific Time. The call will be webcast with closed captioning and can be accessed on the company's investor relations website. A replay of the webcast will be available until Friday, December 13, 2024.

Starbucks, founded in 1971, is the world's premier roaster and retailer of specialty coffee, operating more than 40,000 stores worldwide. The company is committed to ethically sourcing and roasting high-quality arabica coffee, and delivering the unique Starbucks Experience to customers globally.

Starbucks has announced an expansion of its collaborative coffee innovation network to protect the future of coffee. The company has added new coffee farms in Guatemala and Costa Rica, with plans for future investments in Africa and Asia. These farms will focus on increasing productivity, improving farmer profitability, and building climate resilience.

The initiative builds on Starbucks' work at Hacienda Alsacia, its first company-operated coffee farm. The new farms will study hybrid coffee varieties under different conditions and explore the use of mechanization and drone technology to address labor challenges. Starbucks has already distributed nearly 90 million climate-resistant coffee trees and over 53 million seedlings to farmers as part of its commitment to distribute 100 million trees by 2025.

This expansion is part of Starbucks' broader coffee innovation network, which includes 10 Farmer Support Centers and 70 'model farms' within its supply chain. The company aims to develop solutions that can be applied across industries affected by climate change.