Starbucks reports higher Q4 earnings and issues fiscal 2027 guidance

Starbucks reported fourth-quarter fiscal 2026 revenue of $9.1 billion, down 4%, while GAAP EPS rose to $0.59 and non-GAAP EPS increased 54% to $0.80; global comparable sales grew 7.2%. The revenue decline primarily reflected the conversion of its China retail operations to a licensed joint venture, which produced a $536.3 million fiscal-year pretax gain, while fiscal 2027 guidance calls for non-GAAP EPS of $3.15-$3.25, North America comparable-sales growth of about 4%, and roughly 1,200 new stores. The board also declared a quarterly dividend of $0.63 per share payable November 27, 2026, to shareholders of record November 13.