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Verified earnings summary

Research updated: Jul 12, 2026, 12:00 AM UTC

SBUX FY2026 Q2

For the 13 weeks ended March 29, 2026, Starbucks reported transaction-led global and U.S. comparable-store sales growth, higher revenue, improved non-GAAP operating margin, and higher earnings per share, and raised its fiscal-year comparable-sales and non-GAAP EPS guidance.

This page provides a source-verified release summary. It does not display a normalized metric table or post-earnings market reaction until those fields are independently verified.

Constructive signals after the release

  • Global comparable-store sales growth led by higher transactions indicates that the Back to Starbucks plan is rebuilding customer traffic, not relying only on price.
  • North America and U.S. comparable sales were supported by both transactions and ticket, providing a stronger base for the turnaround.
  • Year-over-year non-GAAP operating-margin expansion suggests store execution and productivity initiatives can begin converting sales recovery into earnings growth.

Risks that still need monitoring

  • Turnaround execution

    The recovery still depends on consistent service, staffing, and store-level execution; uneven delivery could reverse recent traffic gains.

  • China transition uncertainty

    Classifying the China retail operation as held for sale introduces transaction, separation, tax, and future economic-interest uncertainty.

  • Store and input costs

    Labor investment, commodity costs, tariffs, and supply-chain volatility can absorb the operating leverage expected from higher comparable sales.

Primary sources

Starbucks Reports Q2 Fiscal Year 2026 ResultsStarbucks Corporation · earningsVerified

Fetched: 7/12/2026, 12:00:00 AM UTC

Published: 4/28/2026, 12:00:00 AM

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Starbucks Investor RelationsStarbucks Corporation · companyVerified

Fetched: 7/12/2026, 12:00:00 AM UTC

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Starbucks Form 10-Q for the Quarter Ended March 29, 2026U.S. Securities and Exchange Commission · filingVerified

Fetched: 7/12/2026, 12:00:00 AM UTC

Published: 4/28/2026, 12:00:00 AM

Open original source

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