Starbucks Reports Q4 and Full Fiscal Year 2026 Results
Business Wire•29/10/2026•16:05 ET
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Key Highlights
- ➤Q4 comparable sales rose 7.2%; non-GAAP EPS increased 54% to $0.80
- ➤Q4 revenue fell 4% to $9.1 billion, reflecting Starbucks China’s transaction
- ➤Fiscal 2027 revenue expected to decline approximately 1%; EPS guided at $3.15-$3.25
- ➤Fiscal 2027 non-GAAP operating margin guided at 13.5%-14.0%
- ➤Starbucks closed approximately 250 North America coffeehouses under Back to Starbucks
Expert Statements
Brian Niccol, Chairman and Chief Executive Officer of Starbucks
“We had a terrific quarter and a great year driven by our focus on the fundamentals and what has always set Starbucks apart: exceptional coffee, a moment of connection and a world-class customer experience. This gives me confidence our performance is durable.”
Brian Niccol, Chairman and Chief Executive Officer of Starbucks
“Back to Starbucks started as our turnaround plan. Now, it's our growth plan.”
Cathy Smith, Chief Financial Officer of Starbucks
“In fiscal 2026, we returned to comp growth, expanded margin and delivered stronger earnings, and we intend to build on that progress in fiscal 2027.”
Cathy Smith, Chief Financial Officer of Starbucks
“Our recently increased dividend and plans to resume share repurchases in fiscal 2027 underscore our confidence and disciplined focus on driving sustainable long-term value.”
"Back to Starbucks" Plan Drives Strong Business Momentum in Fiscal Year 2026
Q4 Consolidated Net Revenues Down 4% to $9.1 billion, Reflecting the Starbucks China Transaction
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