Starbucks said it reported consolidated net revenues of $9,456.0 million for its 13-week fiscal Q3 ended June 29, 2025, up 3.8%, while diluted earnings per share fell 47.3% to $0.49.

1. 01

   Starbucks said it reported consolidated net revenues of $9,456.0 million for its 13-week fiscal Q3 ended June 29, 2025, up 3.8%, while diluted earnings per share fell 47.3% to $0.49.

2. 02

   The company said GAAP operating income for Q3 fell 38.3% to $935.6 million and GAAP operating margin contracted 680 basis points to 9.9%. It cited deleverage, "Back to Starbucks" investments and inflation as the drivers.

3. 03

   The company said the chief financial officer stated that a significant non-recurring investment in the Leadership Experience 2025 and a discrete tax item, which together negatively impacted Q3 earnings per share by $0.11, were recorded in Q3.

4. 04

   The company said that for the three quarters ended June 29, 2025, its cumulative net cash provided by operating activities was $3,365.7 million and cash dividends paid were $2,078.1 million.

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Original filing

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