The Investor
29 Oct 2025, 20:10
Starbucks Q4 & FY2025: Return to Global Growth Amid Restructuring Costs
Starbucks (Nasdaq: SBUX) reported fourth-quarter fiscal 2025 revenue of $9.6 billion, up 5% year-over-year, marking its first global comparable sales growth in seven quarters. Global comparable sales rose 1%, driven by a 1% increase in transactions, while U.S. sales were flat and China grew 2%. International comparable sales rose 3%. The company reported GAAP EPS of $0.12 and non-GAAP EPS of $0.52, down 85% and 35% respectively, due largely to restructuring and labor-related costs tied to its “Back to Starbucks” turnaround plan.
For the full year, revenue grew 3% to $37.2 billion. Global comparable sales declined 1%, and GAAP EPS dropped 51% to $1.63 (non-GAAP $2.13, down 36%). Operating margin contracted to 7.9% from 15.0% a year earlier as the company closed 627 stores—mostly in North America—amid simplification and cost optimization efforts. CEO Brian Niccol said the return to global comp growth shows the turnaround is taking hold, while CFO Cathy Smith emphasized focus on cost control and sustainable, long-term growth.
Starbucks (Nasdaq: SBUX) reported fourth-quarter fiscal 2025 revenue of $9.6 billion, up 5% year-over-year, marking its first global comparable sales growth in seven quarters. Global comparable sales rose 1%, driven by a 1% increase in transactions, while U.S. sales were flat and China grew 2%. International comparable sales rose 3%. The company reported GAAP EPS of $0.12 and non-GAAP EPS of $0.52, down 85% and 35% respectively, due largely to restructuring and labor-related costs tied to its “Back to Starbucks” turnaround plan.
For the full year, revenue grew 3% to $37.2 billion. Global comparable sales declined 1%, and GAAP EPS dropped 51% to $1.63 (non-GAAP $2.13, down 36%). Operating margin contracted to 7.9% from 15.0% a year earlier as the company closed 627 stores—mostly in North America—amid simplification and cost optimization efforts. CEO Brian Niccol said the return to global comp growth shows the turnaround is taking hold, while CFO Cathy Smith emphasized focus on cost control and sustainable, long-term growth.