Earnings Releases·Oct 29, 2026, 4:07 PM ET

Starbucks — Fiscal Year 2026 Earnings Summary

Consolidated net revenues for FY26 rose 2% year-over-year to $37.9 billion, while Q4 revenues declined 4% to $9.1 billion due to the China retail-to-licensed joint venture conversion; full-year Non-GAAP EPS increased 28% to $2.72, with Q4 Non-GAAP operating margin expanding 450 basis points to 14.0%.
FY27 guidance anticipates a 53-week year with consolidated net revenues declining approximately 1% year-over-year (including $700 million impact from the extra week), Non-GAAP EPS of $3.15–$3.25, and North America comparable coffeehouse sales growth of approximately 4.0%.
The company executed a strategic restructuring including the divestiture of China retail operations for a $536.3 million pre-tax gain and the closure of ~250 North America locations under the "Back to Starbucks" plan, while announcing plans to resume share repurchases in FY27.
Cash and cash equivalents increased to $3.68 billion, total liabilities decreased to $36.05 billion, and the Board declared a $0.63 per share cash dividend, marking 66 consecutive quarters of payouts.