Starbucks’ fiscal 2026 revenue rose 2% to $37.9 billion as operating margin expanded to 9.7% from 7.9%. It closed its China retail joint venture with Boyu Capital, retained 40% ownership and used proceeds to reduce debt.
SBUX · Starbucks Corp
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Starbucks reported fourth-quarter global comparable sales up 7.2%, operating margin approximately 14% and EPS $0.80. For fiscal 27, it expects North America comps approximately 4%, operating margin 13.5% to 14% and EPS $3.15 to $3.25.
Starbucks reported Q4 fiscal 2026 global comparable coffeehouse sales up 7.2%, revenue down 4% to $9.1 billion, GAAP EPS of $0.59 and non-GAAP EPS of $0.80. Fiscal 2027 guidance calls for non-GAAP EPS of $3.15 to $3.25.
Starbucks Corporation approved closing approximately 1% of its more than 18,000 North America coffeehouses, expecting approximately $300 million in restructuring charges and lowering fiscal year 2026 global net new coffeehouse opening guidance to approximately 440 from 600 to 650.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Jul 29, 2026TL;DR. Starbucks delivered Q3 FY26 with 7.9% global comps, 430 bps non-GAAP margin expansion to 14.4%, and 70% EPS growth to $0.85, and raised full-year FY26 guidance for U.S. comps, global comps, consolidated margin (>11%), and EPS ($2.55–$2.65). Consolidated net revenue declined 1% to $9.3 billion and restructuring costs spiked to $302.6M from $20.8M, both weighed by the China JV conversion.
- + Global comparable sales rose 7.9%, the fourth consecutive quarter of positive global comps.
- + Non-GAAP consolidated operating margin expanded 430 bps to 14.4%, with North America margin up year-over-year even excluding tariff refunds.
- + Non-GAAP EPS grew 70% to $0.85.
- + Channel Development net revenues grew 22% to $587.9M with segment operating margin expanding 700 bps to 52.1%.
- + Debt was reduced by ~$1.8B and leverage lowered to 2.9x, preserving investment-grade profile.
- − Consolidated net revenues declined 1% to $9.3 billion and International segment revenue fell 34% to $1.3B due to the China JV conversion.
- − FY26 guidance still calls for consolidated net revenues to be only flat to slightly higher year-over-year as the China conversion continues to weigh on reported revenue.
- − Net new company-operated unit growth in North America may remain modest through FY27 as the company closes underperforming stores and redirects resources to uplifts.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Key metrics
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Versus peers
Restaurants — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
SBUX
this stock
Starbucks Corp
|
$121.35B | +26.4% | +2.0% | 48.2 | 3.9% |
|
MCD
Mcdonalds Corp
|
$191.95B | -11.0% | +3.7% | 21.5 | 1.7% |
|
CMG
Chipotle Mexican Grill Inc
|
$44.63B | -4.6% | +5.4% | 33.0 | 3.3% |
|
YUM
Yum Brands Inc
|
$43.28B | +6.6% | +8.8% | 13.0 | 4.7% |
|
QSR
Restaurant Brands International Inc.
|
$34.03B | +10.5% | +12.2% | 17.6 | 3.6% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 12, 2026
- This year
- 22
Starbucks’ fiscal 2026 revenue rose 2% to $37.9 billion as operating margin expanded to 9.7% from 7.9%. It closed its China retail joint venture with Boyu Capital, retained 40% ownership and used proceeds to reduce debt.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| SBUX | +1.0% | +9.2% | +5.0% | +2.7% | +26.4% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -1.6% | +10.3% | +4.5% | +2.9% | +15.8% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.