10-Q quarterly report · filed Jul 29, 2025

Starbucks (SBUX) Q2 2025 10-Q Quarterly Report

Short answer

Starbucks (SBUX) filed its Q2 2025 10-Q quarterly report on Jul 29, 2025 for the quarter ended Jun 29, 2025. Quarterly revenue was $9.5B (up 3.8% year over year) with net income of $558M.

Q2 2025 key financials · XBRL

Revenue
$9.5B
+3.8% YoY · +7.9% QoQ
Net income
$558M
−47.1% YoY · +45.3% QoQ
Operating margin
9.9%
EPS (diluted)
$0.49
−47.3% YoY · +48.5% QoQ

Source: XBRL data from the Starbucks (SBUX) Q2 2025 10-Q on SEC EDGAR. USD.

Starbucks Q2 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New restructuring risk triggered by “Back to Starbucks” strategy with $137M pre-tax charges YTD, $20.8M recognized Q2, $29M severance accrual remaining
  • Operating income decline Q3 North America $919M vs $1,433M prior year, driven by increased restructuring and integration costs
  • Legal/compliance risk: potential material restructuring costs in Q4 FY25 related to store portfolio evaluation and voluntary resignation program
  • Market risk: revenue growth slowed with overall Q3 revenue $9,456M up 4% YoY, primarily from beverages stable at 61% mix
  • Financial liquidity risk from accrued severance costs $29M and expectation of additional restructuring expenses impacting near-term cash flow

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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