Starbucks Corp reported third-quarter 2026 results with revenue of $9.32B, compared with $9.46B a year earlier, while net income rose to $1.04B from $558.5M and diluted EPS increased to $0.91 from $0.49.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$9.32B$9.46B(1.4%) | Net income²$1.04B$558.5M87.1% | Diluted EPS³$0.91$0.4985.7% |
¹ Reported as “Total net revenues”. ² Reported as “Net earnings including noncontrolling interests”. ³ Reported as “Earnings per share - diluted”.
Business Highlights
- Revenue was modestly down in the quarter (‑1.4%) but up 4.2% year-to-date, supported by stronger comparable store sales.
- A major shift in China converted retail operations to a licensed joint venture, lowering company‑operated revenue and increasing licensed revenue.
- 'Back to Starbucks' initiatives drove global comparable store sales growth of 7.9% (U.S. +7.9%), improving customer engagement.
- Consolidated operating margin expanded 60 basis points in the quarter due to sales leverage, lower inflation and tariff refunds, despite restructuring costs.
- Total stores approximately 41,000, up about 1% year over year, with targeted closures and relocations completed under restructuring to improve profitability.
Original SEC Filing:
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