STARBUCKS CORP
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 30, 2024
SBUX$109.95+0.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Earnings
| Quarter Ended | Two Quarters Ended | |||
|---|---|---|---|---|
| Mar 31,2024 | Apr 2,2023 | Mar 31,2024 | Apr 2,2023 | |
| Net revenues: | ||||
| Company-operated stores | $7,052.6 | $7,142.3 | $14,807.9 | $14,225.7 |
| Licensed stores | 1,054.5 | 1,069.5 | 2,246.6 | 2,189.0 |
| Other | 455.9 | 508.0 | 933.8 | 1,019.1 |
| Total net revenues | 8,563.0 | 8,719.8 | 17,988.3 | 17,433.8 |
| Product and distribution costs | 2,648.7 | 2,801.7 | 5,629.2 | 5,611.9 |
| Store operating expenses | 3,724.1 | 3,636.0 | 7,575.6 | 7,301.3 |
| Other operating expenses | 132.8 | 126.2 | 283.2 | 255.4 |
| Depreciation and amortization expenses | 371.9 | 341.9 | 737.2 | 669.0 |
| General and administrative expenses | 654.6 | 620.4 | 1,302.6 | 1,201.3 |
| Restructuring and impairments | — | 8.8 | — | 14.7 |
| Total operating expenses | 7,532.1 | 7,535.0 | 15,527.8 | 15,053.6 |
| Income from equity investees | 68.0 | 51.4 | 123.8 | 109.2 |
| Gain from sale of assets | — | 91.3 | — | 91.3 |
| Operating income | 1,098.9 | 1,327.5 | 2,584.3 | 2,580.7 |
| Interest income and other, net | 34.1 | 18.4 | 67.9 | 30.0 |
| Interest expense | (140.6) | (136.3) | (280.7) | (266.0) |
| Earnings before income taxes | 992.4 | 1,209.6 | 2,371.5 | 2,344.7 |
| Income tax expense | 219.9 | 301.3 | 574.6 | 581.1 |
| Net earnings including noncontrolling interests | 772.5 | 908.3 | 1,796.9 | 1,763.6 |
| Net earnings attributable to noncontrolling interests | 0.1 | 0.0 | 0.1 | 0.0 |
| Net earnings attributable to Starbucks | $772.4 | $908.3 | $1,796.8 | $1,763.6 |
| Earnings per share - basic | $0.68 | $0.79 | $1.58 | $1.54 |
| Earnings per share - diluted | $0.68 | $0.79 | $1.58 | $1.53 |
| Weighted average shares outstanding: | ||||
| Basic | 1,132.4 | 1,148.5 | 1,134.5 | 1,148.4 |
| Diluted | 1,135.4 | 1,152.7 | 1,138.0 | 1,152.8 |
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