Starbucks Q3 Financial Highlights

Starbucks Corporation revealed its financial performance for the third quarter of fiscal 2025, showcasing a 4% increase in consolidated net revenues, reaching $9.5 billion. This figure not only surpasses the previous year's results but also exceeds market expectations.

Challenges and Achievements

Despite the revenue growth, the company faced a sixth consecutive quarter of declining same-store sales. The diluted earnings per share (EPS) experienced a significant drop of 47.3% year on year, settling at $0.49. However, Starbucks managed to achieve an operating income of $935.6 million and expanded its global footprint by opening 308 net new stores.

Leadership's Perspective

CEO Brian Niccol expressed optimism about the company's turnaround efforts, stating, "We've fixed a lot and done the hard work on the hard things to build a strong operating foundation, and based on my experience of turnarounds, we are ahead of schedule." Following the earnings report, Starbucks' shares saw a 2.20% increase in after-hours trading, priced at $95 each.