Starbucks Guides FY2027 EPS of $3.15–$3.25 as China JV Cuts Revenue 4%
SBUX sits 33% above its 52-week low of $77.99 on elevated volume (1.9× avg).
Summary
Starbucks set FY2027 non-GAAP EPS guidance at $3.15–$3.25 with North America comps around 4% and revenue down about 1%, and said buybacks will resume. The revenue decline is structural: after moving China stores into a licensed JV where Starbucks keeps 40%, international revenue dropped 37% to $1.3B and total revenue fell 4% year over year. The underlying business is still growing — global comps rose 7.2% and U.S. comps 7.7%, with transactions up 2.4% and average ticket up 5.2% — and management extended the morning peak from three to four hours to keep traffic moving. CEO Brian Niccol plans to roughly double international stores from about 22,000 and add at least 5,000 North American locations, alongside about 1,200 net new stores in FY2027. This follows the 8-K filed October 29th that closed fiscal 2026 with 54% non-GAAP EPS growth and first set the FY2027 EPS range; the China JV accounting shift is the main reason reported revenue now shrinks while comps stay positive.
At the time of this announcement, SBUX was trading at $103.72 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $118.2B. The 52-week trading range was $77.99 to $110.51. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Wiseek News.