Starbucks Reports Q2 Fiscal Year 2025 Results

Starbucks reported second-quarter fiscal 2025 results with consolidated net revenues up 2% to $8.8 billion. Global comparable store sales declined 1%, as a 2% drop in transactions was partially offset by a 1% increase in average ticket. In North America, comparable sales fell 1%, while international comparable sales rose 2%, driven by a 3% increase in transactions. Consolidated GAAP earnings per share were $0.34, down 50% from the prior year, while non-GAAP EPS was $0.41, down 40%. The company opened 213 net new stores, reaching a total of 40,789 globally. Operating margins contracted due to higher labor costs and restructuring expenses as part of the “Back to Starbucks” strategy. Management expressed confidence in the turnaround plan despite current financial results being below potential, emphasizing disciplined investments for long-term growth.