SBUX · News · 20261104N

Guidance / Outlook

STARBUCKS CORP · 2026-11-04 · Importance 55 · Surprise 50 · In source text

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 recording tied to China and the fiscal-calendar comparison.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
revenuenegativecommitted-0.8%Starbucks guided to about a 1% consolidated net revenue decline for fiscal 2027, tied largely to the China licensing transition and the…