Starbucks (SBUX) 10-K Summary — Year Ended Sep 29, 2024

Starbucks Corporation filed its annual report for the most recent fiscal year. The filing describes the company's business, risk factors, and financial condition.

Key takeaway

Year ended Sep 29, 2024 · FY2025 10-K

Starbucks Corporation filed its annual report for the most recent fiscal year. The filing describes the company's business, risk factors, and financial condition.

Financial snapshot

Selected annual figures reported with the filing, shown separately from the narrative summary.

Annual revenue

$36.2B

Revenue reported for the fiscal year.

Operating income

$5.4B

Income from operations reported for the year.

Net income

$3.8B

Net income reported for the year.

Operating cash flow

$6.1B

Cash generated by operating activities.

Annual revenue trend

Reported annual revenue and its change from the preceding fiscal year.

Period ended	Revenue	Year-over-year change
Oct 3, 2021	$29.1B	n/a
Oct 2, 2022	$32.3B	+11.0%
Oct 1, 2023	$36B	+11.6%
Sep 29, 2024	$36.2B	+0.6%

Business overview

Starbucks operates as a roaster, marketer, and retailer of specialty coffee. The company sells coffee beverages, food items, and related products through company-operated and licensed stores globally.

Financial performance

Revenue increased compared to the prior year, while operating income and net income were reported at levels consistent with the company's scale. Operating cash flow remained substantial.

Material risks

The filing identifies risks related to global economic conditions, competition, and supply chain disruptions. Changes in consumer preferences and regulatory developments are also noted as material uncertainties.

Liquidity and capital

The company generated strong operating cash flow, which supports its capital allocation priorities. No specific capital allocation themes beyond routine operations were highlighted in the supplied context.

What to watch

Monitor any changes in revenue growth trajectory as indicated in the next filing.