Starbucks Q4 Comps Up 7.2%, Non-GAAP EPS Up 54%, FY27 Guidance of $3.15-$3.25
SBUX sits 35% above its 52-week low of $77.99.
Summary
Starbucks closed fiscal 2026 with 7.2% Q4 global comp growth and 54% non-GAAP EPS growth, then guided FY2027 non-GAAP EPS to $3.15-$3.25 and said buybacks resume next year.
Key Events · Earnings and Guidance · SBUX
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Q4 Comps Up 7.2%, Transactions Positive
Global comparable coffeehouse sales rose 7.2%, driven by a 5.2% higher average ticket and 1.8% more transactions; North America comps were up 7.9% and U.S. up 7.7%.
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Non-GAAP EPS $0.80, Up 54%
Q4 GAAP EPS was $0.59 (+392%) and non-GAAP EPS $0.80 (+54%), with non-GAAP operating margin at 14.0%, up 460 basis points. FY2026 non-GAAP EPS was $2.72, up 28%.
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Revenue Down 4% on China Conversion
Q4 consolidated net revenues fell 4% to $9.1 billion because China retail moved to a licensed joint venture; International segment revenue dropped 37% to $1.3 billion while its operating margin expanded to 19.7%.
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FY2027 Guidance: EPS $3.15-$3.25
Company guides FY2027 non-GAAP EPS of $3.15-$3.25 (including slightly more than ten cents from the 53rd week), non-GAAP operating margin of 13.5%-14.0%, North America comps of about 4.0%, revenue down about 1%, and roughly 1,200 net new coffeehouses.
Analysis · SBUX · Trade & Services
The turnaround is now showing up in the numbers. Global comparable sales rose 7.2% in Q4, with transactions turning positive (+1.8%), and non-GAAP EPS of $0.80 was up 54% as margin expanded 460 basis points. Revenue fell 4% to $9.1 billion, but that is mechanical: the China retail business was converted to a licensed joint venture, which strips company-operated revenue out while lifting International margin to 19.7%. What matters is the forward number. FY2027 non-GAAP EPS guidance of $3.15-$3.25 (including just over ten cents from the 53rd week) against FY2026's $2.72 implies roughly 16-20% growth, with North America comps guided to about 4%. Management also raised the dividend to $0.63 and said it plans to resume buybacks in fiscal 2027, a shift from the debt paydown that consumed $2.8 billion of cash this year. The risk in the guide is the top line: consolidated revenue is guided down about 1% on the China transition, so the earnings growth depends on margin holding near 13.5-14.0%.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 38.8% of the 970 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.46%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SBUX was trading at $105.58 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $120.3B. The 52-week trading range was $77.99 to $110.51. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.