Starbucks Q4 Revenue Falls 4.5% as Adjusted EPS Rises 54%
Starbucks reported Q4 revenue of $9.14B, down 4.5% YoY, but adjusted EPS rose 54% to $0.80. Full-year 2026 revenue grew 2% to $37.91B, with adjusted EPS up 28% to $2.72. Comparable store sales increased 7.2% in Q4, driven by higher average ticket and transaction growth. The company opened 303 net new stores and expects 1,200 in 2027, with North America comparable sales growth projected at 4%.
How this was made
The 30-second read
Why it matters
The earnings mix of lower revenue but strong earnings per share and raised guidance creates a nuanced market reaction.
Market read
Large‑cap consumer stock with material earnings data; traders can act on the mixed signals.
What to watch
China JV licensing shift and net new store count could support longer‑term growth.
Background
Starbucks' Q4 earnings were released via an SEC 8‑K filing, providing the first public disclosure of the results.
Ticker impact
Starbucks reported Q4 revenue down 4.5% YoY while adjusted EPS rose 54%, and gave FY2027 guidance of $3.15‑$3.25 EPS.
likely pressure as the market prices in the revenue decline despite EPS beat
Revenue miss is material for a large‑cap consumer stock, but the EPS beat and higher guidance may limit downside.
Market effects
May weigh on broader consumer discretionary and coffee retail peers.
U.S. consumer sentiment could be slightly dampened.
International comparable sales growth modest, limited global ripple.
Counterpoint
Investors could view the EPS beat and higher FY guidance as a buying opportunity despite revenue miss.
Key entities
- companyStarbucks Corp
Global coffeehouse chain reporting Q4 2026 results.
