Starbucks Q2 Revenue Jumps 8% to $9.5B, EPS Soars 22%
Starbucks posted Q2 revenue of $9.5 billion, up 8% year-over-year, with global comparable store sales rising 6.2% and EPS of $0.50, a 22% increase. It expanded operating margin by 110 basis points to 9.4%, grew Rewards membership to 35.6 million and lifted its full-year forecast, sending shares up 5%.
1. Strong Revenue and Comparable Sales
In Q2, Starbucks generated $9.5 billion in revenue, marking an 8% year-over-year increase. North America revenue reached $6.9 billion with comparable store sales up 7.1%, while International sales hit $2.1 billion, growing nearly 8%. Global comparable store sales climbed 6.2%.
2. Profitability Improvements
Operating margin widened by 110 basis points to 9.4%, reflecting the first consolidated margin expansion since Q1 fiscal 2024. Earnings per share rose 22% to $0.50, driven by higher volume and cost efficiencies despite North America margin contracting 170 basis points to 10.2% due to cost pressures.
3. Loyalty and Store Network Growth
Starbucks Rewards membership climbed 4% to a record 35.6 million members. The company added 11 net new coffeehouses during the quarter, bringing its global store count to 41,129, while channel development revenue surged 38% year-over-year.
4. Raised Guidance and Market Reaction
Following the quarter, Starbucks lifted its full-year forecast, citing strong momentum and new menu innovations. The guidance update prompted a 5% share price jump in after-hours trading.