Starbucks Q4 FY26 net earnings rise to $677.2 million
SBUX•Starbucks reported Q4 FY26 net earnings of $677.2 million and diluted earnings per share of $0.59. Revenue fell to $9.14 billion, and the company projected FY27 diluted earnings per share of $3.07 to $3.17.
1. Quarterly results
Starbucks' Q4 FY26 diluted earnings per share rose to $0.59 from a year earlier, while quarterly net revenues fell to $9.14 billion, primarily due to the conversion of China retail operations to a licensed joint venture. Operating margin widened to 10.8%, primarily driven by lower restructuring costs and sales leverage.
2. Restructuring and outlook
Approximately 250 company-operated North America coffeehouses closed in September under the “Back to Starbucks” strategy. For FY27, Starbucks projected diluted earnings per share of $3.07 to $3.17 and plans to resume share repurchases.
