earnings
confidence high
sentiment neutral
materiality 0.80
Starbucks Q1 comp sales +4%, first US transaction growth in 8 quarters; GAAP EPS $0.26, down 62% YoY
STARBUCKS CORP
2026-Q1 EPS reported
$0.26
revenue$9,915,100,000
- Global comparable store sales +4% (U.S. +4%, China +7%); consolidated net revenues $9.9B (+6% YoY).
- GAAP EPS $0.26 (down 62%); non-GAAP EPS $0.56 (down 19%); operating margin contracted to 9.0% GAAP (10.1% non-GAAP).
- North America operating margin fell to 11.9% from 16.7% due to labor investments and inflationary pressures.
- Starbucks classified China retail operations as held for sale; joint venture with Boyu Capital to close in spring.
- Fiscal 2026 guidance: comp sales growth ≥3%, non-GAAP EPS $2.15-$2.40, 600-650 net new stores.