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Inferra AI / Company / SBUX

Starbucks

SBUX · Consumer Discretionary

Last earnings Oct 29, 2026

Key results

Consolidated Net revenuequarter

4%

Consolidated Net Revenues Down 4% to $9.1 billion, Reflecting the

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Revenuefull-year

4%

revenues decreased 4% to $9.1 billion, including on a constant currency basis, primarily driven by the conversion of Starbucks retail operations in China to a licensed joint venture model GAAP operating margin expanded 790 basis points year-over-year to 10.8%

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

GAAP operating marginfull-year

10.8%

revenues decreased 4% to $9.1 billion, including on a constant currency basis, primarily driven by the conversion of Starbucks retail operations in China to a licensed joint venture model GAAP operating margin expanded 790 basis points year-over-year to 10.8%

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

EPSquarter

$0.59

GAAP earnings per share of $0.59 increased 392% over prior year

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Non-GAAP earnings per share of $0.80 expanded 54% over prior year, including on a constant currency basis

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

revenues increased 2% to $37.9 billion, including on a constant currency basis 2 GAAP operating margin expanded 180 basis points year-over-year to 9.7%, primarily driven by sales leverage

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

GAAP earnings per share of $2.21 increased 36% over prior year

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Non-GAAP earnings per share of $2.72 increased 28% over prior year, or 27% on a constant currency basis We had a terrific quarter and a great year driven by our focus on the fundamentals and what has always set Starbucks apart exceptional coffee, a moment of connection and a world-class customer experience.

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Net revenuequarter

6%

Net revenues for the North America segment increased 6% over Q4 FY25 to $7.3 billion in Q4 FY26, primarily driven by an increase in company-operated coffeehouse revenue due to a 7.9% increase in comparable coffeehouse sales, driven by a 5.0% increase in average ticket, primarily due to strength in product mix and customer food attach, pricing and higher delivery sales, and a 2.7% increase in comparable transactions.

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Revenuequarter

7.9%

Net revenues for the North America segment increased 6% over Q4 FY25 to $7.3 billion in Q4 FY26, primarily driven by an increase in company-operated coffeehouse revenue due to a 7.9% increase in comparable coffeehouse sales, driven by a 5.0% increase in average ticket, primarily due to strength in product mix and customer food attach, pricing and higher delivery sales, and a 2.7% increase in comparable transactions.

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

AI analysis

Q4 FY2026 · reported Oct 29, 2026

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

EPS · Q4 FY2026
$0.59
EX-99 · Oct 29, 2026

Headline figures

MetricQ4 FY2026Prior qtrYear ago
Consolidated Net revenue4%1%—
EPS$0.59$0.91—
Net revenue6%7%—
Revenue7.9%8.1%—

EX-99 · Oct 29, 2026

Guidance · company-stated

Direction: Initiated

Company outlook

“80, Up 54% Company Introduces Fiscal Year 2027 Guidance SEATTLE October 29, 2026 Starbucks Corporation (Nasdaq SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended September 27, 2026.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

GAAP operating marginfull year10.8%

Capital allocation

Dividend$0.63

Our recently increased dividend and plans to resume share repurchases in fiscal 2027 underscore our confidence and disciplined focus on driving sustainable long-term value.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

GAAP results in fiscal 2026 and fiscal 2025 include items that are excluded from non-GAAP results

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Initiated

Company outlook: “80, Up 54% Company Introduces Fiscal Year 2027 Guidance SEATTLE October 29, 2026 Starbucks Corporation (Nasdaq SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended September 27, 2026.”

Company outlook — Initiated (“Introduces”)
“80, Up 54% Company Introduces Fiscal Year 2027 Guidance SEATTLE October 29, 2026 Starbucks Corporation (Nasdaq SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended September 27, 2026.”

Company outlook — Initiated (“introduces”)
“4 Fiscal Year 2027 Guidance The company introduces the following fiscal 2027 guidance for the full year.”

Classified from the release's primary full-year outlook statement.

Capital allocation

Our recently increased dividend and plans to resume share repurchases in fiscal 2027 underscore our confidence and disciplined focus on driving sustainable long-term value.

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

The Board declared a cash dividend of $0.63 per share, payable on November 27, 2026 to shareholders of record on November 13, 2026.

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

The company had 66 consecutive quarters of dividend payouts with CAGR of 16.6% over that time period, demonstrating the company's commitment to consistent value creation for shareholders.

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Under the agreement, Boyu Capital acquired a 60 % interest in Starbucks retail operations in China based on a cash-free, debt-free mutually agreed-upon total enterprise value of approximately $ 4 billion.

SEC original ↗Starbucks — 10-Q Quarterly report10-QJul 29, 2026

The transaction was partially financed with debt issued by the newly formed joint venture and w e received total consideration with respect to the transaction of $ 3.1 billion, inclusive of our share of the debt proceeds.

SEC original ↗Starbucks — 10-Q Quarterly report10-QJul 29, 2026

Our carrying value of the retained investment includes the impact of debt raised by the joint venture in conjunction with the transaction.

SEC original ↗Starbucks — 10-Q Quarterly report10-QJul 29, 2026

Strategy & priorities

Non-GAAP effective tax rate decreased 90 basis points to 24.8% GAAP earnings per share of $2.21 increased 36% over prior year Non-GAAP earnings per share of $2.72 increased 28% over prior year, or 27% on a constant currency basis We had a terrific quarter and a great year driven by our focus on the fundamentals and what has always set Starbucks apart exceptional coffee, a moment of connection and a world-class customer experience.

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Our recently increased dividend and plans to resume share repurchases in fiscal 2027 underscore our confidence and disciplined focus on driving sustainable long-term value.

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

As part of its efforts to strengthen its coffeehouse portfolio under its Back to Starbucks strategy, the company further assessed its existing North America store portfolio and in September 2026, closed approximately 250 company-operated North America coffeehouses that do not deliver the coffeehouse experience and financial performance expected of the brand.

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

We believe these key operating metrics are useful to investors because management uses these metrics to assess the growth of our business and the effectiveness of our marketing and operational strategies.

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Transformation costs Management excludes transformation costs that reflect temporary, incremental third party professional services incurred in connection with a defined initiative to implement changes to certain processes and operating models.

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Risks & headwinds

Litigation settlements Management excludes settlements that are associated with litigation events that are not expected to recur at a similar frequency and magnitude in the future for the reasons discussed above.

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

(5) Related to settlements associated with litigation events that are not expected to recur at a similar frequency and magnitude in the future.

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

By their nature, forward-looking statements involve risks, uncertainties, and other factors (many beyond our control) that could cause our actual results to differ materially from our historical experience or from our current expectations or projections.

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

In addition, many of the foregoing risks and uncertainties are, or could be, exacerbated by any worsening of the global business and economic environment, and new risks periodically emerge.

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

OTHER INFORMATION Item 1 Legal Proceedings 55 Item 1A Risk Factors 55 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 55 Item 3 Defaults Upon Senior Securities 55 Item 4 Mine Safety Disclosures 55 Item 5 Other Information 55 Item 6 Exhibits 56 Signatures 57 Table of Conten t s PART I FINANCIAL INFORMATION Item 1.

SEC original ↗Starbucks — 10-Q Quarterly report10-QJul 29, 2026

To mitigate the price uncertainty of a portion of our future purchases, including diesel fuel and other commodities, we enter into swap contracts, futures, and collars that are not designated as hedging instruments.

SEC original ↗Starbucks — 10-Q Quarterly report10-QJul 29, 2026

What changed vs prior quarter

Guidance direction — prior quarter: Initiated; this quarter: Initiated

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Consolidated Net revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Starbucks — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Amazon (AMZN) Consumer DiscretionaryTesla, Inc. (TSLA) Consumer DiscretionaryAlibaba Group (BABA) Consumer DiscretionaryeBay Inc. (EBAY) Consumer DiscretionaryToyota Motor (TM) Consumer DiscretionaryO'Reilly Automotive (ORLY) Consumer DiscretionaryLi Auto Inc. (LI) Consumer DiscretionaryV F Corp (VFC) Consumer Discretionary
Documents

Filings

67 documents

Earnings releases

48 documents

Presentations

0 documents

No presentations for Starbucks are held in this edition of the library.

Transcripts

0 documents

No transcripts for Starbucks are held in this edition of the library.

Mentioned by

5 companies

Other tracked companies whose held documents mention Starbucks by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.