SBUX · 8-K · 20261029PR000154

Guidance / Outlook

STARBUCKS CORP · 2026-10-29 · Importance 62 · Surprise 68 · In source text

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 Starbucks China retail operations to a licensed joint venture. The company projects North America comparable coffeehouse sales growth of approximately 4.0% and non-GAAP consolidated operating margin of 13.5% to 14.0%. Non-GAAP EPS guidance is $3.15 to $3.25, including slightly more than $0.10 from the 53rd week, and management expects approximately 1,200 net new coffeehouses globally, led by International. Fiscal 2027 is a 53-week year, with the extra week reflected in Q4.

Key facts

• Starbucks forecasts FY2027 non-GAAP earnings per share of $3.15 to $3.25, including slightly more than $0.10 related to the 53rd week. source
• Starbucks forecasts FY2027 non-GAAP consolidated operating margin of 13.5% to 14.0%. source
• Starbucks expects FY2027 consolidated net revenues to decline approximately 1% year over year, including approximately $700 million related to the 53rd week; the decrease is primarily due to the China retail transition to a licensed joint venture model. source
• Starbucks forecasts FY2027 North America comparable coffeehouse sales growth of approximately 4.0%. source
• Starbucks expects approximately 1,200 net new global coffeehouses in FY2027 across company-operated and licensed businesses, led by International. source
• FY2027 is a 53-week fiscal year, and the 53rd week’s impact will be reflected in Q4 FY2027 results. source

Impact estimates