What changed 10-K

Item 2. Properties

2025-11-14 compared with 2024-11-20 · 1 added, 1 removed, 18 unchanged (10% of the section changed)

10 unchanged sentences

We own most of our roasting facilities and lease the majority of our warehousing and distribution locations.

As of September 29, 2024, Starbucks h ad 21,018 company-operated stores, almost all of which are leased.

As of September 28, 2025, Starbucks had 21,514 company-operated stores, almost all of which are leased.

We also lease space in various locations worldwide for regional, district, and other administrative offices, training facilities, and storag e.

6 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.