Starbucks Corporation (SBUX) Q1 2025 Earnings Call Transcript

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Q1: 2025-01-28 Earnings Summary

EPS of $0.69 beats by $0.02
 | Revenue of $9.40B (-0.29% Y/Y) beats by $90.89M

Starbucks Corporation (NASDAQ:SBUX) Q1 2025 Earnings Conference Call January 28, 2025 5:00 PM ET

Company Participants

Tiffany Willis - Senior Vice President, Investor Relations
Brian Niccol - Chairman & Chief Executive Officer
Rachel Ruggeri - Executive Vice President & Chief Financial Officer

Conference Call Participants

David Tarantino - Baird
Andrew Charles - TD Cowen
Danilo Gargiulo - Bernstein
David Palmer - Evercore ISI
Brian Harbour - Morgan Stanley
Chris O'Cull - Stifel
Jeffrey Bernstein - Barclays
John Ivankoe - JPMorgan
Katherine Griffin - Bank of America
Peter Saleh - BTIG
Christine Cho - Goldman Sachs
Lauren Silberman - Deutsche Bank
Sharon Zackfia - William Blair
Zach Fadem - Wells Fargo
Jon Tower - Citi

Operator

Good afternoon. My name is Diego, and I will be your conference operator today. I would like to welcome everyone to Starbucks First Quarter Fiscal Year 2025 Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]

I will now turn the call over to Tiffany Willis, Senior Vice President of Investor Relations. Ms. Willis, you may now begin your conference.

Tiffany Willis

Thank you, Diego, and good afternoon, everyone, and thank you for joining us today to discuss Starbucks' first quarter fiscal year 2025 results. Today's discussion will be led by Brian Niccol, Chairman and Chief Executive Officer; and Rachel Ruggeri, Executive Vice President and Chief Financial Officer.

This conference call will include forward-looking statements, which are subject to various risks and uncertainties that could cause our actual results to differ from these statements. Any such statement should be considered in conjunction with cautionary statements in our earnings release and risk factors discussed in our filings with the SEC, including our latest annual report on Form 10-K and quarterly report on

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