The company said its 13-week fiscal fourth quarter, ended September 29, 2024, saw global comparable store sales fall 7% and consolidated net revenues fall 3% to $9.1 billion. GAAP earnings per share were $0.80, down 25%.

1. 01

   The company said its 13-week fiscal fourth quarter, ended September 29, 2024, saw global comparable store sales fall 7% and consolidated net revenues fall 3% to $9.1 billion. GAAP earnings per share were $0.80, down 25%.

2. 02

   The company said U.S. comparable store sales fell 6% in Q4, a result of a 10% decline in comparable transactions partly offset by a 4% increase in average ticket. It said China comparable store sales fell 14%, and it cited intensified competition and a soft consumer spending environment.

3. 03

   The company said that for 52-week fiscal year 2024, global comparable store sales fell 2% and consolidated net revenues rose 1% to $36.2 billion, while GAAP earnings per share were $3.31, down 8%. It also said it would suspend guidance for fiscal 2025, citing the CEO transition and the current state of the business.

4. 04

   Starbucks said its Board of Directors approved an increase in the quarterly cash dividend from $0.57 to $0.61 per share. Brian Niccol, chairman and chief executive officer, said the company needs to fundamentally change its strategy to return to growth, which is the aim of its Back to Starbucks plan.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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