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Starbucks international business disappoints but U.S. stores outperform

Adjusted earnings topped estimates as U.S. traffic and average spending lifted sales, while international comparable sales rose just 0.9%, Starbucks said.

  • Starbucks reported fiscal fourth-quarter earnings of 80 cents per share, surpassing the 72 cents analysts forecast, though net revenue fell 4% to $9.14 billion, missing the $9.2 billion target.
  • Strong demand in the U.S. drove global same-store sales up 7.2%, exceeding the 6% increase Wall Street expected, while international store traffic declined 2.8% and sales rose less than 1%.
  • Lower contributions from China impacted results following a joint venture finalized in the spring, where Chinese investment firm Boyu Capital operates stores and Starbucks retains a 40% interest.
  • Chairman and CEO Brian Niccol oversaw the immediate closure of 250 North American stores in late September, continuing efforts to winnow operations to the most profitable locations.
  • Starbucks shares fell 1% in after-hours trading Thursday, following a strategy that also saw the company close 627 stores across North America and Europe in September 2025.
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Reformatorisch DagbladReformatorisch Dagblad
+3 Reposted by 3 other sources
Right

Starbucks posted higher revenue and profit last fiscal year than a year ago. The coffee chain reports this in its most recent figures. The recovery plan that CEO Brian Niccol has been implementing since his appointment two years ago thus appears to be working. "It started as a recovery plan, but is now our growth plan," said the CEO.

·Apeldoorn, Netherlands (Kingdom of the)
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CNBC broke the news in Englewood Cliffs, United States on Thursday, October 29, 2026.
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