Quarterly ResultJul 29, 2026, 05:22 PM
Starbucks Divests China Retail Ops, Reports Q3 EPS $0.91
AI Summary
Starbucks Corporation reported its quarterly financial results, highlighted by the completion of the divestiture of its China retail operations. This strategic move generated $3.1 billion in consideration and resulted in a pre-tax gain of $536.3 million. While diluted EPS significantly increased to $0.91, total net revenues for the quarter saw a slight decrease to $9,322.7 million. The company also incurred substantial restructuring and impairment charges as part of ongoing operational transformations.
Key Highlights
- Completed divestiture of China retail operations, receiving $3.1 billion in consideration.
- Recognized a pre-tax gain of $536.3 million from the China divestiture.
- Reported diluted EPS of $0.91 for the quarter, up from $0.49 year-over-year.
- Total net revenues for the quarter were $9,322.7 million, down from $9,456.0 million YoY.
- Net earnings attributable to Starbucks reached $1,045.3 million for the quarter.
- Incurred $302.6 million in restructuring and impairment charges for the quarter.
- Declared a cash dividend of $0.62 per share for the quarter.
Price Impact
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