Starbucks earnings date and guidance
The next Starbucks results are due after the market closes on October 29, 2026. Watch whether North American transactions support better staffing and more welcoming stores.
What has Starbucks guided for fiscal 2026?
Management raised its full-year adjusted earnings forecast on July 29. “Adjusted” earnings remove specified items from standard accounting, so they aim to show the underlying business more clearly, though the excluded costs may still require cash. The guidance table brings together sales growth, revenue, margin, earnings, openings and restructuring costs.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Fourth quarter U.S. comparable store sales growth | Quarter to Sep 2026 | 6.5% | Jul 29, 2026 | |
| Full fiscal year 2026 U.S. comparable store sales growth | Year to Sep 2026 | 6.0% | Jul 29, 2026 | |
| Full fiscal year 2026 global comparable store sales growth | Year to Sep 2026 | 6.0% | 6.0% | Jul 29, 2026 |
| Consolidated net revenues | Year to Sep 2026 | Jul 29, 2026 | ||
| Non-GAAP consolidated operating margin | Year to Sep 2026 | 11.0% | Jul 29, 2026 | |
| Non-GAAP earnings per share | Year to Sep 2026 | 2.55 | 2.65 | Jul 29, 2026 |
What this means. The company’s global comparable-store sales target shows six percent at both ends, but this is only an approximate goal, not an exact forecast.
What has Starbucks’ revenue and profit trend been over the last eight quarters?
Operating margin fell to 7.9% in fiscal 2025 from 15.0% in 2024. Restructuring and impairment charges reduced current profit, while a litigation benefit increased it. Removing specified charges, transaction costs and the benefit produces a 9.9% adjusted operating margin, still well below the previous year.
June 2026 showed better customer demand, but the profit jump overstated the improvement in ordinary earnings.
| Jun 2026 | |
|---|---|
| Revenue | 9,322.7 |
| Gross margin | 69.7% |
| Operating income | 980.4 |
| Net income | 1,045.3 |
| EPS, diluted | 0.91 |
What this means. Net income includes a one-time profit from selling the company's China business, so it is higher than profit from normal operations.
What should Starbucks watch in the next release?
Starbucks plans to report its fourth-quarter and full-year results after the market closes on October 29, 2026. The report should show whether the September sales target held and how the late closure plan affected earnings. The reconciliation will matter because adjusted profit can exclude restructuring costs even when related payments reduce cash.
North America offers the clearest operating test. Transactions show whether customers are returning; margin shows whether Starbucks earns more after paying for staff and other store costs. China’s licensing change can improve the consolidated margin mechanically, so North American margin progress matters more.