Quarterly ResultApr 28, 2026, 04:13 PM
SBUX Q2 Revenue $9.5B (+9%); Global Comp Sales +6.2%; Raises FY26 EPS Guidance
AI Summary
Starbucks reported strong Q2 FY26 results with consolidated net revenues increasing 9% to $9.5 billion and global comparable store sales up 6.2%, driven by transaction growth. GAAP EPS rose 32% to $0.45, and Non-GAAP EPS increased 22% to $0.50. The company also raised its fiscal year 2026 guidance for comparable store sales growth and Non-GAAP EPS, reflecting confidence in its "Back to Starbucks" plan. Additionally, Starbucks announced the closing of its joint venture with Boyu Capital for China retail operations and declared a cash dividend of $0.62 per share.
Key Highlights
- Consolidated net revenues increased 9% to $9.5 billion.
- Global comparable store sales rose 6.2%, driven by transaction growth.
- GAAP EPS was $0.45 (+32% YoY) and Non-GAAP EPS was $0.50 (+22% YoY).
- Raised FY26 global comparable store sales guidance to 5.0% or greater.
- Raised FY26 Non-GAAP EPS guidance to $2.25-$2.45.
- North America comparable store sales increased 7.1%.
- International comparable store sales increased 2.6%, with China up 0.5%.
- Declared a cash dividend of $0.62 per share.