SBUX · Earnings call · 2026Q3T · Full report
Capital Expenditure Program
STARBUCKS CORP · 2026-10-29 · Importance 38 · Surprise 24 · In source text
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 America uplifts during fiscal 2027. Management said the following year should also remain around 5% of revenue, plus or minus, with most capital historically directed to coffeehouses. The company said incremental capital needs for future supply-chain capabilities are not expected to be massive.
Key facts
- Starbucks expects FY2027 capital expenditures to be approximately 5% of net revenues.
- Starbucks expects capital expenditures beyond FY2027 to remain around 5% of revenue, plus or minus.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | — | Starbucks expects FY2027 capital expenditures to be approximately 5% of net revenues. |
| cash | negative | committed | — | Starbucks expects capital expenditures beyond FY2027 to remain around 5% of revenue, plus or minus. |