Quarterly ResultApr 28, 2026, 04:18 PM
SBUX Q2 Revenue +8.8% to $9.53B; EPS $0.45; China JV Update
AI Summary
Starbucks reported strong Q2 2026 financial results with net revenues increasing 8.8% to $9.53 billion and diluted EPS rising 32.4% to $0.45. The company also provided an update on its strategic partial divestiture of 60% interest in its China retail operations to Boyu Capital for $3.1 billion, which closed on March 30, 2026, converting 7,991 company-operated stores to licensed. Additionally, Starbucks continues its 'Back to Starbucks' strategy, involving coffeehouse closures and support organization restructuring.
Key Highlights
- Divested 60% interest in China retail operations to Boyu Capital for $3.1 billion, converting 7,991 stores to licensed.
- Q2 2026 Net Revenues increased 8.8% to $9,531.5 million from $8,761.6 million YoY.
- Q2 2026 Net Earnings attributable to Starbucks increased 33.0% to $510.9 million from $384.2 million YoY.
- Q2 2026 Diluted Earnings Per Share increased 32.4% to $0.45 from $0.34 YoY.
- Company-operated store revenues grew 7.3% to $7,816.4 million in Q2 2026.
- Licensed store revenues increased 7.1% to $1,088.4 million in Q2 2026.
- Declared a cash dividend of $0.62 per share for the quarter.
- Restructuring plans include coffeehouse closures and support organization transformation.