Starbucks Corporation shared on Tuesday that it registered $9.4 billion in its opening quarter revenue for fiscal 2025, with the number steady compared to the corresponding timeframe the year before.
The American coffeehouse chain saw its operating income fall by 24.5% to $1.1 billion year-over-year, with its diluted earnings per share plunging 23.3% to go for $0.69 in the reported quarter.
"We are encouraged by our Q1 results, which demonstrated the effectiveness of our 'Back to Starbucks' strategy, evidenced by our top-line trend," Chief Financial Officer Rachel Ruggeri commented on the results.
The company's stock rose 3.70% in the after-hours trading following the earnings announcement.
