Starbucks (SBUX) Q2 2025 10-Q Quarterly Report
Filed: Jul 29, 2025Period ending Jun 29, 2025
Consumer Discretionary
Retail-Eating & Drinking PlacesSEC EDGAR Starbucks (SBUX) 10-Q quarterly report for Q2 2025, filed with SEC EDGAR on Jul 29, 2025 for the fiscal period ending Jun 29, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Starbucks Q2 2025 10-Q Analysis
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
Starbucks Q2 2025 Quarterly FinancialsXBRL
Revenue
$9.5B
▲ +3.8% YoY▲ +7.9% QoQ
Net Income
$558M
▼ -47.1% YoY▲ +45.3% QoQ
Net Margin
5.9%
▼ -567bp YoY▲ +152bp QoQ
Source: XBRL data from Starbucks Q2 2025 10-Q filing on SEC EDGAR. All figures in USD.
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