Earnings ·
Starbucks raises fiscal year non-GAAP EPS guidance to $2.55-$2.65 after Q3 earnings rise 86% to $0.91
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.