6 publishers · first seen Thu, 29 Oct 2026 20:30 UTC · updated Fri, 30 Oct 2026 00:14 UTC
Starbucks reported mixed fiscal fourth-quarter results, with global same-store sales rising 7.2% and U.S. same-store sales growing 7.7%, exceeding analyst expectations. Adjusted earnings per share reached 80 cents, above the expected 72 cents, but revenue fell to $9.14 billion, below the expected $9.2 billion. The decline was attributed to lower contributions from China after the formation of a joint venture with Boyu Capital, under which Starbucks retains a 40% interest. CEO Brian Niccol said the company is ahead of schedule on its fiscal 2028 targets and projected adjusted earnings per share of $3.15 to $3.25 for fiscal 2027.
Revenue is expected to decline by 1% in fiscal 2027, weaker than the 1% growth analysts anticipated, due in part to the China joint venture and slower cafe expansion in North America. International same-store sales rose less than 1%, with a 2.8% drop in traffic, while North American same-store sales are projected to grow 4% for the year.
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