Starbucks Q3 FY26 GAAP EPS rises 86% to $0.91; net revenues fall 1% to $9.3 billion

Starbucks posted Q3 GAAP EPS of USD 0.91, up 86% year over year; net revenues fell 1% to USD 9.3 billion.

Global comparable store sales climbed 7.9% on a 4.2% rise in transactions; average ticket increased 3.5%.

GAAP operating margin widened 0.6 percentage point to 10.5%; it cited sales leverage and tariff refunds, partly offset by restructuring and labor investments.

North America net revenues rose 7% to USD 7.4 billion, while International net revenues dropped 34% to USD 1.3 billion on the China transaction.

Starbucks raised fiscal 2026 guidance, targeting non-GAAP EPS of USD 2.55-2.65; it declared a USD 0.62 dividend and opened 175 net new stores.