STARBUCKS CORP
For the period ended Mar 30, 2025. Filed Apr 29, 2025.
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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 30, 2025 · Filed Apr 29, 2025
Contents
Segment Reporting
Note 15: Segment Reporting
Segment information is prepared on the same basis that our chief executive officer, who is our Chief Operating Decision Maker, manages the segments, evaluates financial results, and makes key operating decisions.
Consolidated revenue mix by product type (in millions):
| Quarter Ended · Two Quarters Ended | ||||||||
|---|---|---|---|---|---|---|---|---|
| Mar 30, 2025 · Mar 31, 2024 · Mar 30, 2025 · Mar 31, 2024 | ||||||||
| Beverage(1) | $5,293.6 | 60% | $5,160.6 | 60% | $10,971.6 | 60% | $10,856.4 | 60% |
| Food(2) | 1,691.9 | 19% | 1,583.0 | 18% | 3,482.3 | 19% | 3,339.9 | 19% |
| Other(3) | 1,776.1 | 21% | 1,819.4 | 22% | 3,705.5 | 21% | 3,792.0 | 21% |
| Total | $8,761.6 | 100% | $8,563.0 | 100% | $18,159.4 | 100% | $17,988.3 | 100% |
(1)“Beverage” represents sales within our company-operated stores.
(2)“Food” includes sales within our company-operated stores.
(3)“Other” primarily consists of packaged and single-serve coffees and teas, royalty and licensing revenues, beverage-related ingredients, and serveware, among other items.
The tables below present financial information for our reportable operating segments and Corporate and Other(in millions):
Quarter Ended
| North America | International | Channel Development | Corporate and Other | Total | |
|---|---|---|---|---|---|
| Total net revenues | $6,472.7 | $1,867.1 | $409.0 | $12.8 | $8,761.6 |
| Depreciation and amortization expenses | 299.2 | 89.0 | — | 30.7 | 418.9 |
| Income/(loss) from equity investees | — | (0.2) | 59.3 | — | 59.1 |
| Operating income/(loss) | $748.3 | $217.0 | $193.5 | $(557.8) | $601.0 |
| Total net revenues | $6,380.0 | $1,757.3 | $418.2 | $7.5 | $8,563.0 |
| Depreciation and amortization expenses | 257.1 | 84.3 | — | 30.5 | 371.9 |
| Income/(loss) from equity investees | — | 0.2 | 67.8 | — | 68.0 |
| Operating income/(loss) | $1,148.3 | $233.8 | $216.3 | $(499.5) | $1,098.9 |
| Two Quarters Ended | |||||
| North America | International | Channel Development | Corporate and Other | Total | |
| Total net revenues | $13,544.6 | $3,738.4 | $845.3 | $31.1 | $18,159.4 |
| Depreciation and amortization expenses | 588.1 | 178.1 | — | 60.0 | 826.2 |
| Income from equity investees | — | (0.7) | 106.2 | — | 105.5 |
| Operating income/(loss) | $1,929.6 | $454.1 | $401.6 | $(1,062.5) | $1,722.8 |
| Total net revenues | $13,500.7 | $3,603.6 | $866.2 | $17.8 | $17,988.3 |
| Depreciation and amortization expenses | 507.5 | 168.3 | — | 61.4 | 737.2 |
| Income from equity investees | — | 0.3 | 123.5 | — | 123.8 |
| Operating income/(loss) | $2,669.1 | $475.3 | $426.0 | $(986.1) | $2,584.3 |
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