Starbucks Q4 2026: EPS tops expectations as comps rise 7.2%
As seen on the 24/7 Wall St. homepage on October 29, 2026.
Global comparable coffeehouse sales rose 7.2%, the proof Brian Niccol needed to call "Back to Starbucks" a working growth plan. Revenue came in missing expectations mostly because the China retail business moved to a licensed joint venture, and fiscal 2027 guidance of $3.15 to $3.25 arrives with buybacks resuming.
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Starbucks earned an adjusted $0.80 per share in its fiscal fourth quarter, beating expectations and extending its bottom-line recovery after several quarters of misses earlier in 2025.
Revenue of $9.14 billion came in below expectations, but the decline is largely a bookkeeping artifact of converting China retail into a licensed joint venture. North America, the engine investors watch most closely, grew revenue 6.2%.
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Global comparable coffeehouse sales rose 7.2%, with both average ticket and transactions higher. That is the clearest signal yet that the "Back to Starbucks" plan has crossed from turnaround to growth platform, as Niccol told investors.
For fiscal 2027, Starbucks guided non-GAAP EPS of $3.15 to $3.25 and plans to resume share repurchases after a year focused on debt repayment. It also intends to open approximately 1,200 net new coffeehouses globally.
Mentioned: SBUX