STARBUCKS CORP
For the period ended Jun 29, 2025. Filed Jul 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.
Jun 29, 2025 · Filed Jul 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 · Three Quarters Ended | ||||||||
|---|---|---|---|---|---|---|---|---|
| Jun 29, 2025 · Jun 30, 2024 · Jun 29, 2025 · Jun 30, 2024 | ||||||||
| Beverage(1) | $5,752.0 | 61% | $5,528.0 | 61% | $16,723.8 | 61% | $16,384.4 | 60% |
| Food(2) | 1,787.5 | 19% | 1,744.5 | 19% | 5,269.9 | 19% | 5,084.4 | 19% |
| Other(3) | 1,916.5 | 20% | 1,841.4 | 20% | 5,621.7 | 20% | 5,633.5 | 21% |
| Total | $9,456.0 | 100% | $9,113.9 | 100% | $27,615.4 | 100% | $27,102.3 | 100% |
(1)“Beverage” represents sales within our company-operated stores.
(2)“Food” represents 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 | $6,927.0 | $2,010.7 | $483.8 | $34.5 | $9,456.0 |
| Depreciation and amortization expenses | 303.5 | 91.4 | — | 32.7 | 427.6 |
| Income/(loss) from equity investees | — | (1.3) | 58.4 | — | 57.1 |
| Operating income/(loss) | $918.7 | $272.7 | $218.4 | $(474.2) | $935.6 |
| Total net revenues | $6,816.7 | $1,842.1 | $438.3 | $16.8 | $9,113.9 |
| Depreciation and amortization expenses | 266.6 | 82.7 | — | 31.1 | 380.4 |
| Income/(loss) from equity investees | — | 2.5 | 71.4 | — | 73.9 |
| Operating income/(loss) | $1,432.7 | $287.5 | $235.2 | $(437.9) | $1,517.5 |
| Three Quarters Ended | |||||
| North America | International | Channel Development | Corporate and Other | Total | |
| Total net revenues | $20,471.7 | $5,749.1 | $1,329.0 | $65.6 | $27,615.4 |
| Depreciation and amortization expenses | 891.6 | 269.5 | — | 92.9 | 1,254.0 |
| Income from equity investees | — | (2.1) | 164.8 | — | 162.7 |
| Operating income/(loss) | $2,848.3 | $726.9 | $619.8 | $(1,536.6) | $2,658.4 |
| Total net revenues | $20,317.6 | $5,445.6 | $1,304.5 | $34.6 | $27,102.3 |
| Depreciation and amortization expenses | 774.2 | 251.0 | — | 92.4 | 1,117.6 |
| Income from equity investees | — | 2.9 | 194.9 | — | 197.8 |
| Operating income/(loss) | $4,101.8 | $762.8 | $661.2 | $(1,423.9) | $4,101.9 |
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