Overview

• Starbucks posted $8.76 billion in Q2 revenue, a 2% year-over-year increase, marking its first revenue growth in over a year.
• Net income dropped 50% to $384 million, with adjusted earnings per share of $0.41 falling short of analysts’ expectations of $0.49.
• Global same-store sales declined 1%, driven by a 2% drop in U.S. sales, while international sales rose 2% due to growth outside key markets like China.
• CEO Brian Niccol emphasized momentum in the 'Back to Starbucks' turnaround plan, which includes operational simplifications and customer experience improvements.
• Starbucks warned of challenges ahead, citing macroeconomic pressures such as tariffs and volatile coffee prices, with shares falling 6% in extended trading.