SBUX · Earnings call · 2026Q3T · Full report

Japan Strategic Review

STARBUCKS CORP · 2026-10-29 · Importance 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 change or provide a timeline. Management expressed confidence in international new-unit growth for fiscal 2027 and subsequent years.

Key facts

• Starbucks evaluates the right ownership strategy for its Japan business and will share any change if and when it occurs.