SBUX · Consumer

STARBUCKS CORP

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: everything published this earnings window

News · 2026-11-08

• Store Count and ExpansionImportance 34 · Surprise 42
  Starbucks plans to hire 7,500 baristas in the UK over the next five years, concentrating recruitment in the Midlands, north of England, Wales, and Scotland. The hiring is part of a turnaround strategy under CEO Brian…

News · 2026-11-07

• Same-Store Sales GrowthImportance 32 · Surprise 32
  Starbucks’ fiscal fourth-quarter same-store sales increased 7.2%. The reported growth was driven by the company’s turnaround strategy in the U.S. Starbucks reported fiscal fourth-quarter profit of $677.2 million on…

News · 2026-11-06

• Same-Store Sales GrowthImportance 44 · Surprise 32
  Starbucks’ fourth-quarter fiscal 2026 U.S. comparable sales rose 7.7% year over year, reversing a 0.3% decline in the prior-year quarter, with transactions up 2.4% and average ticket up 5.2%. For fiscal 2026, U.S.…

News · 2026-11-05

• Nashville Office ExpansionImportance 32 · Surprise 24
  Third-party reporting on November 5, 2026, said Starbucks’ development headquarters in Nashville had secured a $310 million loan. The report identifies the headquarters and loan amount but does not specify the…
• Menu / Product Innovation and PricingImportance 20 · Surprise 24
  Starbucks launched its holiday menu with Tiramisu Velvet beverages, Apple Pomegranate Refreshers and returning seasonal favorites. The seasonal rollout also includes new food items and merchandise, with Red Cup Day…

News · 2026-11-04

• Guidance / OutlookImportance 55 · Surprise 50
  Management guided to about a 1% consolidated net revenue decline for fiscal 2027. The reported drivers were largely the China licensing transition and the 53rd week effect. The outlook reflects both a change in revenue…
• China Licensed Model TransitionImportance 51 · Surprise 50
  Starbucks guided to about a 1% consolidated net revenue decline for fiscal 2027. The company attributed the projected decline largely to the China licensing transition and the 53rd-week effect. The shift of Starbucks…
• Revenue Performance and MixImportance 9 · Surprise 6
  Starbucks reported quarterly revenue of US$9,141.2 million, lower than a year earlier; the digest does not quantify the year-over-year decline. Net income and diluted EPS were higher for both the quarter and full year,…

News · 2026-11-03

• Operating Margin DriversImportance 63 · Surprise 64
  Starbucks' fiscal Q4 2026 operating margin was 10.8%, compared with 2.9% in the same quarter last year, an increase of 7.9 percentage points. The reported margin improvement occurred alongside same-store sales growth…
• Guidance / OutlookImportance 41 · Surprise 60
  Starbucks introduced fiscal 2027 guidance, which the report said reflected management’s confidence in operating improvements despite ongoing portfolio changes. The digest provides no specific fiscal 2027 revenue,…
• Revenue Performance and MixImportance 37 · Surprise 32
  Starbucks reported fiscal Q4 2026 revenue of $9.14 billion, down 4.5% year over year and below analyst estimates of $9.23 billion. Same-store sales rose 7.2% year over year, compared with 1% growth in the year-ago…
• Strategic InitiativesImportance 31 · Surprise 42
  On its fiscal fourth-quarter 2026 earnings call, Starbucks highlighted accelerating coffeehouse productivity, expanding digital capabilities, and disciplined expansion. The report said the company is shifting from…
• Same-Store Sales GrowthImportance 25 · Surprise 32
  Starbucks’ same-store sales rose 7.2% year on year in fiscal Q4 2026, compared with 1% growth in the year-ago quarter. The digest’s first article characterizes the quarter as showing U.S. momentum, but provides no…

News · 2026-11-02

• Same-Store Sales GrowthImportance 20 · Surprise 24
  Third-quarter customer visits and spending continued to grow in North America. The article attributes higher same-store sales to new menu items, digital engagement, and operational improvements, including Green Apron…

News · 2026-10-31

• Store Count and ExpansionImportance 52 · Surprise 42
  Third-party reporting says Starbucks has outlined a global expansion plan targeting nearly 40,000 new stores outside the U.S. The company aims to open roughly three new international coffeehouses a day as part of the…

News · 2026-10-30

• Guidance / OutlookImportance 62 · Surprise 68
  A third-party report said Starbucks forecast fiscal 2027 adjusted earnings of $3.15 to $3.25 per share and a 4% increase in North American comparable-store sales. The same report said revenue is expected to contract by…
• Operating Margin DriversImportance 46 · Surprise 56
  Starbucks’ fiscal Q4 operating margin expanded by 460 basis points to 14%. Stronger sales supported the expansion through improved sales leverage, while lower costs from better cost control also contributed. The 14%…
• Net Income and EPS PerformanceImportance 44 · Surprise 46
  Adjusted earnings reached $0.80 per share in fiscal Q4 2026, up 53.8% year over year. The result exceeded the Zacks consensus estimate of $0.73 per share by 9.6%. A separate report put the estimate at $0.71 per share…
• Store Upgrades and Customer ExperienceImportance 40 · Surprise 42
  Starbucks plans to renovate more than 2,000 North American stores next year and aims to resume opening more than 300 U.S. locations annually by fiscal 2028. The company is rebuilding its development pipeline after a…
• Store Count and ExpansionImportance 40 · Surprise 42
  Starbucks plans to renovate more than 2,000 North American stores in 2027. It aims to resume opening more than 300 U.S. locations annually by fiscal 2028 and has a longer-term goal of adding 5,000 cafes across North…
• Revenue Performance and MixImportance 37 · Surprise 32
  Starbucks reported fiscal Q4 2026 net revenue of $9.14 billion, down 4.5% year over year and 1.4% below the $9.27 billion consensus estimate. Global comparable coffeehouse sales increased 7.2%, while the shift to a…
• Same-Store Sales GrowthImportance 31 · Surprise 32
  Global comparable-store sales increased 7.2% in fiscal Q4, while U.S. same-store sales rose 7.7%. Healthy ticket and transaction expansion drove the U.S. growth. Starbucks also reported strength in cold beverages and…
• AI Product DevelopmentImportance 31 · Surprise 42
  Starbucks plans to test background AI models to help baristas enter drive-through orders faster and more accurately. CEO Brian Niccol said the proposed process would use the Starbucks app to surface a customer’s recent…
• Strategic InitiativesImportance 17 · Surprise 24
  CEO Brian Niccol said Starbucks could potentially evolve into a multi-brand company, using its scale to pursue growth beyond its core coffee brand. He said internal growth is the current priority but did not rule out…

Earnings call · 2026-10-29

• Operating Expense TrendsImportance 73 · Surprise 66
  Consolidated G&A declined approximately 20% in Q4, reflecting cost savings and China deconsolidation. Starbucks said it has realized roughly half of its $2 billion gross savings program and expects savings to continue…
• Store Count and ExpansionImportance 56 · Surprise 56
  Starbucks ended fiscal 2026 with 41,607 coffeehouses globally, including 23,431 in International and 18,176 in North America. Management expects approximately 1,200 net new global coffeehouses in fiscal 2027, with…
• Strategic InitiativesImportance 54 · Surprise 74
  Management is positioning Back to Starbucks as a growth plan, prioritizing coffeehouse execution, menu relevance, digital capabilities, disciplined expansion, and partner development. Starbucks expects international…
• Guidance / OutlookImportance 53 · Surprise 32
  For fiscal 2027, Starbucks expects consolidated net revenue to decline approximately 1% year over year, including about $700 million associated with the 53rd week; the decline primarily reflects lapping Starbucks…
• Operating Margin DriversImportance 52 · Surprise 56
  Q4 consolidated operating margin expanded 450 basis points year over year to approximately 14%, with improvement across every segment. North America operating margin expanded 440 basis points to approximately 16%,…
• China Strategic Joint VentureImportance 46 · Surprise 42
  Starbucks transitioned its China retail operations from company-operated stores to a licensed joint venture during fiscal 2026, with the retail business now deconsolidated from Starbucks' financials. Starbucks holds a…
• Capital Return ProgramImportance 44 · Surprise 24
  Starbucks raised its quarterly dividend to $0.63 per share, marking its 16th consecutive annual increase. The company expects to deploy approximately $1 billion toward share repurchases in fiscal 2027. Management…
• Capital Expenditure ProgramImportance 38 · Surprise 24
  Fiscal 2027 capital expenditures are expected to be approximately 5% of net revenue, primarily supporting coffeehouse uplifts and Back to Starbucks priorities. Starbucks expects to complete more than 2,000 North…
• Revenue Performance and MixImportance 37 · Surprise 32
  Fourth-quarter fiscal 2026 consolidated net revenue was $9.1 billion, down 3.9% year over year, primarily because Starbucks China transitioned from company-operated retail to a licensed joint venture. North America…
• Store Closures and RestructuringImportance 34 · Surprise 42
  Starbucks closed North America coffeehouses that management said lacked a path to the expected customer experience or financial performance. North America ended Q4 with 18,176 coffeehouses, reflecting 247 net…
• Menu / Product Innovation and PricingImportance 34 · Surprise 42
  Management said Espresso, Refreshers, Matcha, and the artisanal bake case remained strong, while the August Unicorn launch across 34 markets delivered a record sales weekend for North America company-operated stores.…
• Loyalty Program GrowthImportance 34 · Surprise 42
  The revamped Starbucks Rewards program has 36 million active users and is meeting or exceeding management’s expectations. Customers are moving from Green to Gold and from Gold to Reserve, with frequency driving the…
• Coffee House UpliftsImportance 34 · Surprise 42
  Management said coffeehouse uplifts are building the brand and driving transactions and total sales. Customer and partner feedback is that the upgraded locations feel more like a welcoming “third place.” Starbucks…
• Same-Store Sales GrowthImportance 31 · Surprise 32
  Global comps increased 7.2%, marking Starbucks’ fifth consecutive quarter of comp growth, while U.S. comps rose 7.7%. North America company-operated comps grew 7.9%, with double-digit growth in Canada and strong…
• Afternoon Daypart GrowthImportance 31 · Surprise 32
  Management said food and pastry upgrades have produced a pickup in afternoon attachment, while caffeine-free Refreshers are driving growth in the afternoon despite Energy skewing more toward mornings. Starbucks plans…
• Supply Chain and InventoryImportance 26 · Surprise 24
  Inventory availability reached an all-time high, with daily delivery reaching close to 90% of North America company-operated coffeehouses. Starbucks is testing changes to demand forecasting, ordering accuracy, and…
• Digital Channel and Delivery GrowthImportance 26 · Surprise 24
  U.S. delivery revenues have more than tripled over the past five years, and management said delivery transactions have been largely incremental. Expanding delivery to more coffeehouses supported fiscal 2026 growth,…
• International Market CommentaryImportance 25 · Surprise 32
  Starbucks reported positive system-wide comps across its diversified international portfolio, led by the U.K., the Philippines, and Mexico. International company-operated comps, now largely comprised of Japan and the…
• Store Operations and Customer ExperienceImportance 20 · Surprise 24
  Starbucks said its coffeehouses are increasingly operating with discipline and consistency through Green Apron Service, while average service times remained on target. The company continues to refine Smart Queue and…
• Japan Strategic ReviewImportance 17 · Surprise 24
  Management described Japan as a strong business after another successful year for the Japan team. Starbucks said it continually evaluates the appropriate ownership strategy for the business, but did not announce a…
• Income Tax Rate ChangesImportance 9 · Surprise 6
  Starbucks' effective tax rate was 24.7% in Q4 fiscal 2026, in line with management's expectations. For fiscal 2027, the company expects its effective tax rate to be roughly in line with or slightly below fiscal 2026.…

8-K · 2026-10-29

• China Strategic Joint VentureImportance 81 · Surprise 92
  In Q3 fiscal 2026, Starbucks converted its China retail operations to a licensed joint-venture model, contributing to Q4 International revenue falling 36.9% to $1.31 billion. International company-operated coffeehouse…
• China Licensed Model TransitionImportance 81 · Surprise 92
  In Q3 fiscal 2026, Starbucks converted its China retail operations to a licensed joint venture model with Boyu Capital. The divestiture generated a $536.3 million pre-tax gain and $2,544.2 million in net proceeds; the…
• Guidance / OutlookImportance 62 · Surprise 68
  For fiscal 2027, Starbucks forecasts consolidated net revenue to decline approximately 1%, including an estimated $700 million contribution from the 53rd week; the expected decline primarily reflects the transition of…
• Income Tax Rate ChangesImportance 57 · Surprise 64
  The fiscal 2026 effective tax rate increased to 34.2% from 25.9%, and income tax expense rose 102.1% to $1.315 billion. Starbucks attributed the increase primarily to changes in indefinite reinvestment assertions after…
• Net Income and EPS PerformanceImportance 51 · Surprise 38
  Fiscal 2026 net earnings attributable to Starbucks increased 36.1% to $2.527 billion, and diluted EPS increased 35.6% to $2.21. Fiscal-year non-GAAP EPS rose 27.7% to $2.72, or 27.2% on a constant-currency basis. Q4…
• Restructuring ChargesImportance 49 · Surprise 66
  Fiscal 2026 restructuring and impairment charges were $688.6 million, down 22.8% from $892.0 million in fiscal 2025. Q4 charges were $272.8 million, compared with $755.0 million a year earlier, including $270.2 million…
• Capital Return ProgramImportance 46 · Surprise 32
  The Board declared a quarterly cash dividend of $0.63 per share, payable November 27, 2026 to shareholders of record November 13, 2026. Fiscal 2026 cash dividends paid totaled $2.825 billion, compared with $2.771…
• Operating Margin DriversImportance 43 · Surprise 48
  Fiscal 2026 GAAP operating margin expanded 180 basis points to 9.7%, with operating income up 25.7% to $3.69 billion; sales leverage was partly offset by labor investments largely supporting “Back to Starbucks.” Q4…
• Debt and Liquidity PositionImportance 42 · Surprise 40
  At September 27, 2026, cash and cash equivalents were $3.680 billion, up from $3.220 billion a year earlier. Current and long-term debt totaled $13.277 billion, down from $16.075 billion at September 28, 2025. Fiscal…
• Capital Expenditure ProgramImportance 39 · Surprise 38
  Fiscal 2026 additions to property, plant and equipment were $1.264 billion, down from $2.306 billion in fiscal 2025, a decrease of approximately 45%. Capital spending was therefore $1.042 billion lower year over year.…
• Store Count and ExpansionImportance 39 · Surprise 58
  Starbucks opened 303 net new coffeehouses in Q4, ending the quarter with 41,607 locations, of which 32% were company-operated and 68% licensed. The company opened 617 net new coffeehouses during fiscal 2026, down from…
• Revenue Performance and MixImportance 31 · Surprise 32
  Fiscal 2026 consolidated net revenues increased 2.0% to $37.91 billion, while Q4 revenue decreased 4.5% year over year to $9.14 billion (3.9% lower on a constant-currency basis). Fiscal-year company-operated…
• Operating Expense TrendsImportance 31 · Surprise 14
  Fiscal 2026 total operating expenses were $34.51 billion, essentially unchanged from $34.50 billion as revenue increased 2.0%. Product and distribution costs rose 4.9% to $12.24 billion, while coffeehouse operating…
• Same-Store Sales GrowthImportance 31 · Surprise 32
  Global comparable coffeehouse sales grew 7.2% in Q4, driven by a 5.2% increase in average ticket and a 1.8% increase in transactions. North America comps rose 7.9%, including 7.7% in the U.S.; the region’s growth…

News · 2026-10-22

• Macroeconomic Consumer PressureImportance 35 · Surprise 48
  U.S. restaurant dining frequency declined to 39% of consumers eating out at least weekly in 2026, down from 53% in 2019. The shift is increasing pressure on restaurant chains, including Starbucks, to offer value and…