Starbucks Reports Strong Q4 2026 Earnings with EPS Growth Despite Revenue Decline
Starbucks (SBUX) reported robust fourth-quarter fiscal 2026 results, highlighted by a 54% year-over-year increase in non-GAAP EPS to $0.80, exceeding previous guidance. While consolidated net revenue fell 3.9% to $9.1 billion due to the transition of China retail operations to a licensed joint venture model, comparable coffeehouse sales saw significant global growth of 7.2%, bolstered by a 5.2% increase in average ticket size. The company is currently undergoing a strategic reset in North America, which included the closure of 250 company-operated stores to optimize its portfolio. Looking ahead to fiscal 2027, Starbucks issued cautious revenue guidance with a projected 1% decrease, though it expects continued margin expansion and strong comparable sales growth in North America. Management remains focused on cost savings, having achieved over 50% of its $2 billion goal.
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Topics: Comparable Sales EPS Operating Margin Revenue Store Closures