Filings monitor · SBUX

What STARBUCKS CORP's SEC filings said

10-K for 2026, filed 12 Nov 2026. Each line is something a filing stated, ranked by score and linked to its source.

Ranked highest

1. China Strategic Joint Venture81 · importance in its document · 8-K exhibit · 29 Oct 2026
   In Q3 fiscal 2026, Starbucks converted its China retail operations to a licensed joint-venture model, contributing to Q4 International revenue falling 36.9% to $1.31 billion. International company-operated coffeehouse revenue fell 53.2%…
2. China Licensed Model Transition81 · importance in its document · 8-K exhibit · 29 Oct 2026
   In Q3 fiscal 2026, Starbucks converted its China retail operations to a licensed joint venture model with Boyu Capital. The divestiture generated a $536.3 million pre-tax gain and $2,544.2 million in net proceeds; the conversion included…
3. Distribution Channels Expansion60 · importance in its document · 10-K · 2026
   Licensed coffeehouse revenue increased 6.1% to $4.6 billion in fiscal 2026, supported by higher product sales and royalties from International licensees and the newly formed China joint venture. Channel Development revenue grew 16% to…
4. Income Tax Rate Changes59 · importance in its document · 10-K · 2026
   The effective tax rate increased to 34.2% in fiscal 2026 from 25.9% in fiscal 2025, while income tax expense rose to $1.315 billion from $651 million. Releasing remaining indefinite reinvestment assertions generated a $266 million…
5. Debt Refinancing and Liquidity55 · importance in its document · 10-K · 2026
   Cash and investments totaled $4.2 billion at September 27, 2026, compared with $3.7 billion a year earlier, including $1.3 billion held in foreign subsidiaries. In May 2026, Starbucks repurchased approximately $1.3 billion of senior notes…

Ranked by score, 0–100. A topic read from a document carries its importance within that document; an 8-K event carries the rule score that ranks a filing among filings. Neither is about the share price, and the two scales are named on each row because they are not the same measure.

Latest report: 10-K · 2026 filed 12 Nov 2026

Full report · Filing on EDGAR

• China Licensed Joint VentureImportance 67
  In the third quarter of fiscal 2026, Boyu Capital acquired a 60% stake in Starbucks China retail operations, while Starbucks retained a 40% ownership interest and ownership of the brand and intellectual property.…
• Distribution Channels ExpansionImportance 60
  Licensed coffeehouse revenue increased 6.1% to $4.6 billion in fiscal 2026, supported by higher product sales and royalties from International licensees and the newly formed China joint venture. Channel Development…
• Income Tax Rate ChangesImportance 59
  The effective tax rate increased to 34.2% in fiscal 2026 from 25.9% in fiscal 2025, while income tax expense rose to $1.315 billion from $651 million. Releasing remaining indefinite reinvestment assertions generated a…
• Debt Refinancing and LiquidityImportance 55
  Cash and investments totaled $4.2 billion at September 27, 2026, compared with $3.7 billion a year earlier, including $1.3 billion held in foreign subsidiaries. In May 2026, Starbucks repurchased approximately $1.3…
• Capital Expenditure ProgramImportance 51
  Capital expenditures were $1.3 billion in fiscal 2026, down from $2.3 billion in fiscal 2025. The $1.0 billion year-over-year reduction was driven by lower retail coffeehouse investments and renovations in North…
• Operating Cash Flow TrendsImportance 48
  Cash provided by operating activities increased to $5.0 billion in fiscal 2026 from $4.7 billion in fiscal 2025, mainly due to higher earnings and favorable working-capital changes in income taxes payable and…
• Operating Margin DriversImportance 46
  Consolidated operating income increased to $3.691 billion from $2.937 billion, and operating margin expanded 180 basis points to 9.7% in fiscal 2026. Sales leverage contributed approximately 210 basis points of margin…
• Revenue Performance and MixImportance 45 · +1 more on this subject
  Consolidated net revenues increased 2.0% to $37.911 billion in fiscal 2026 from $37.184 billion in fiscal 2025. Company-operated coffeehouse revenue rose 0.6% to $30.940 billion, licensed coffeehouse revenue increased…
• Guidance / OutlookImportance 43
  Starbucks expects net revenue moderation in fiscal 2027, primarily because of the International segment’s comparison with the divestiture of China retail operations and the effect of recent North America coffeehouse…
• Store Closures and RestructuringImportance 42 · +2 more on this subject
  The fiscal 2025 restructuring plan’s North America coffeehouse closures were substantially completed in fiscal 2025, and most International closures were completed in the first quarter of fiscal 2026. In the second…
• Capital Return ProgramImportance 41
  Starbucks returned $2.8 billion to shareholders through dividends in each of fiscal 2026 and fiscal 2025. The quarterly dividend increased from $0.61 per share in the first three quarters of fiscal 2025 to $0.62 for…
• Trade Policy and TariffsImportance 35
  On February 20, 2026, the U.S. Supreme Court ruled unlawful the reciprocal tariffs imposed under the International Emergency Economic Powers Act (IEEPA), which had applied to Starbucks imports. U.S. Customs and Border…

Capital spending check: Capital spending cut sharply (Flagged, rule score 50).

8-K filings last 12 months

• Guidance issued29 Oct 2026 · 8-K Item 2.02 · Routine · rule score 25
  “Non-GAAP EPS $0.80, Up 54% Company Introduces Fiscal Year 2027 Guidance SEATTLE;”
  Read from the attached exhibit: China Strategic Joint Venture · China Licensed Model Transition · Guidance / Outlook
• Restructuring, repeated24 Sept 2026 · 8-K Item 2.05 · Routine · rule score 25
• Guidance raised29 Jul 2026 · 8-K Item 2.02 · Flagged · rule score 60
  “Starbucks Reports Q3 Fiscal Year 2026 Results Company Delivers Four Consecutive Quarters of Comp Growth and Two Consecutive Quarters of Margin Expansion Global Q3 Comparable Store Sales Up 7.9%, Led by Transaction Growth Q3 Consolidated…”
  Read from the attached exhibit: Capital Expenditure Program · Operating Expense Trends · Restructuring Charges
• Board change12 Jun 2026 · 8-K Item 5.02 · Routine · rule score 10
  “There are no family relationships, as defined in Item 401 of Regulation S-K, between Mr. Bauduin and any of the Company’s executive officers or directors or persons nominated or chosen to become a director or executive officer.”
• Restructuring, repeated15 May 2026 · 8-K Item 2.05 · Flagged · rule score 50
• Results (release not read)28 Apr 2026 · 8-K Item 2.02 · Routine · rule score 20
• Results (release not read)28 Jan 2026 · 8-K Item 2.02 · Routine · rule score 20

Topics are read from the text of the 10-K, 10-Q or the exhibit attached to an 8-K, each linked to the passage it came from. 8-K events are labelled by fixed rules from the item codes and the filing text — the same rules for every company and every year. The Full Picture merges these with earnings calls and news.