Earnings ·
Starbucks Corporation reported fiscal third quarter results ending June 28, 2026, with consolidated net revenues…
SBUXStarbucks Corp
Starbucks Corporation reported fiscal third quarter results ending June 28, 2026, with consolidated net revenues decreasing 1% to $9.3 billion and GAAP earnings per share rising 86% to $0.91. Global comparable store sales increased 7.9%, driven by a 4.2% rise in transactions and a 3.5% increase in average ticket. The company completed the divestiture of its China retail operations, recording a net gain of $536.3 million, and used proceeds to repurchase approximately $1.3 billion in outstanding notes. Starbucks raised fiscal year 2026 non-GAAP EPS guidance to a range of $2.55 to $2.65. The Board declared a quarterly cash dividend of $0.62 per share, payable on August 28, 2026, to shareholders of record on August 14, 2026. Starbucks Corporation operates the world's largest specialty coffeehouse chain.