Starbucks Reports Strong Fiscal 2026 Fourth Quarter Earnings and Positive FY2027 Outlook
Starbucks (SBUX) reported fiscal 2026 fourth-quarter adjusted earnings per share of $0.80, significantly beating the consensus estimate of $0.72. While quarterly revenue of $9.14 billion slightly missed analyst expectations due to a shift in its China business model, global comparable store sales grew by 7.2%, outperforming market forecasts. North American comparable sales also showed strength, rising 7.9% during the period. Under CEO Brian Niccol, the company is transitioning from a turnaround phase to a growth strategy, marked by three consecutive earnings beats. Despite concerns regarding high gas prices impacting consumer spending and a premium valuation of 33 times forward earnings, management issued fiscal 2027 guidance for North American comparable sales growth of 4%. This outlook suggests continued momentum even as the company anticipates some deceleration from previous year levels.
Topics: comparable store sales earnings report EPS beat fiscal year results revenue miss
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