SBUX · 8-K · 20261029PR000154
Revenue Performance and Mix
STARBUCKS CORP · 2026-10-29 · Importance 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 coffeehouse revenue rose 0.6% to $30.94 billion, licensed coffeehouse revenue increased 6.1% to $4.62 billion, and other revenue increased 12.7% to $2.35 billion. Q4 North America revenue grew 6.2% to $7.33 billion, while International revenue fell 36.9% to $1.31 billion, primarily following China’s transition to a licensed joint-venture model; Channel Development revenue declined 8.9% to $494.4 million. Global comparable coffeehouse sales rose 7.2% in Q4, including 7.9% in North America and 0.9% in International; for fiscal 2026, global comparable sales increased 6.2%.