secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2026-01-28T23:59:59+00:00
Accession:  0000829224-26-000010
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starbucks Q1 comp sales +4%, first US transaction growth in 8 quarters; GAAP EPS $0.26, down 62% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000082922426000010/0000829224-26-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000082922426000010/sbux-20260128.htm
  HTML page:      https://secwatch.observer/filing/0000829224-26-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer