Starbucks Corporation earnings overview

SBUX FY2026 Q2 · Calendar Q2 2026

Starbucks Corporation

Starbucks delivered its first simultaneous revenue and earnings growth in over two years. Q2 FY2026 revenue of $9.5 billion (up roughly 9% YoY), EPS of $0.50 (up 22%), and 6% global comparable store sales growth signal that the Back to Starbucks operational turnaround is gaining traction. Green Apron Service, the Grow scorecard, and digital enhancements are translating into transaction growth, improved service speed, and record Rewards membership of 35.6 million. The completed China JV with Boyu Capital ($3.1 billion in cash proceeds, valuation exceeding $13 billion) reshapes the international profile toward an asset-light licensing model. Management raised FY2026 guidance, reflecting confidence that margin expansion and the $2 billion cost-savings program will sustain the momentum.