The facts
The quarter covered 13 weeks ending 27 September 2026. Starbucks attributed the reported revenue decline mainly to converting its China retail operations into a licensed joint venture, rather than a like-for-like global sales decline. [1][2]
US comparable sales rose 7.7%. International comparable sales rose 0.9%, while international comparable transactions fell 2.8%. Globally, transaction growth was 1.8% and the average ticket rose 5.2%. [1][2]
Quarterly diluted earnings were US$0.59 per share under GAAP and US$0.80 on the company's non-GAAP basis, which excludes specified restructuring and other items. [1]
For fiscal 2027, Starbucks forecasts about a 1% revenue decline and approximately 4% North American comparable-sales growth. It forecasts non-GAAP earnings of US$3.15–3.25 per share. [1][2]
Fiscal 2027 has 53 weeks. The revenue forecast includes approximately US$700 million from the extra week and the EPS forecast includes slightly more than US$0.10; comparable-sales guidance uses a 52-week comparison. [1]
Starbucks says it plans to resume share repurchases in fiscal 2027. Reuters reports an intended deployment of about US$1 billion. This is a plan for future purchases, rather than completed buybacks. [3][4]
Relevant context
Comparable sales cover company-operated coffeehouses open at least 13 months and exclude currency effects. They measure a different base from consolidated group revenue. [1]
Corrections & updates
Substantive update: Added Starbucks' plan to resume fiscal 2027 share repurchases and the approximately US$1 billion amount reported by Reuters. The already reported revenue outlook and GAAP/non-GAAP distinctions are unchanged.
Sources
References support the numbered facts above. Source checks: 30 Oct 2026, 11:55 UTC.
- Starbucks Reports Q4 and Full Fiscal Year 2026 Results
Starbucks · Primary source · 29 Oct 2026
Actual issuer release read: quarterly results, page 4 guidance and page 17 GAAP/non-GAAP diluted-EPS reconciliation. Forecasts retain the 53-week and China-reporting caveats. No incompatible consensus calculation or price claim is used.
- Starbucks says US sales remain a bright spot as quarterly revenue falls short of forecasts
The Associated Press via KSAT · Reporting · 29 Oct 2026
Dee-Ann Durbin's actual report read. AP is separately owned from Starbucks; KSAT is a licensed host, not another independent account. Its market comparison is not substituted for an exactly timed exchange/class baseline.
- Fiscal 2026 results and management comments
Starbucks · Primary source · 29 Oct 2026
Actual company page read through web fallback. CFO Cathy Smith states plans to resume share repurchases in fiscal 2027. This page is not claimed to contain the full earnings-call transcript or a numerical repurchase authorization.
- Starbucks forecasts annual profit above expectations and repurchases
Reuters, via AOL · Reporting · 29 Oct 2026
Actual Neil J Kanatt and Waylon Cunningham report, updated 22:52 UTC, read. The roughly US$1 billion plan is attributed to Reuters; guidance remains on the issuer's fiscal-year, adjusted-EPS and China-reporting bases.