Starbucks Corp (NASDAQ:SBUX) reported financial results for the fourth quarter of fiscal 2026 after the market close on Thursday. Here’s a rundown of the report.
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Starbucks Q4 Highlights
Starbucks reported fiscal fourth-quarter revenue of $9.14 billion, missing analyst estimates of $9.23 billion. The coffee giant posted adjusted earnings of 80 cents per share for the quarter, beating estimates of 72 cents per share, according to Benzinga Pro.
Consolidated net revenue was down 4% on a year-over-year basis as global comparable store sales climbed 7.2%, driven by a 5.2% increase in average ticket and a 1.8% increase in comparable transactions. Comparable store sales were up 7.9% in North America and increased 0.9% internationally.
“We had a terrific quarter and a great year driven by our focus on the fundamentals and what has always set Starbucks apart: exceptional coffee, a moment of connection and a world-class customer experience,” said Brian Niccol, chairman and CEO of Starbucks.
“This gives me confidence our performance is durable. Back to Starbucks started as our turnaround plan. Now, it’s our growth plan.”
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Starbucks opened 303 net new stores in the quarter and ended the period with 41,607 total locations. The company said it had approximately $3.68 billion in cash and cash equivalents at quarter’s end.
Starbucks expects consolidated net revenues to decline by approximately 1% in fiscal 2027. The company also guided for U.S. comparable sales growth of approximately 4%. Starbucks sees fiscal 2027 adjusted earnings of $3.15 to $3.25 per share versus estimates of $3.14 per share.
Starbucks’ board declared a cash dividend of 63 cents per share, payable on Nov. 27 to shareholders of record as of Nov. 13.
Management is currently discussing the quarter on an earnings call that kicked off at 4:15 p.m. ET.
SBUX Price Action
Starbucks shares were down 0.11% in after-hours, trading at $105.50 at the time of publication on Thursday, according to Benzinga Pro.
Image: Shutterstock.com
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