STARBUCKS CORP 8K

Starbucks furnished its Q3 FY 2026 earnings release, highlighting strong comp and margin growth, completion of the China retail divestiture into a licensed JV, debt tender offers, tariff refunds, a maintained dividend, and raised full-year 2026 guidance under its "Back to Starbucks" plan.

Starbucks Corporation filed a Form 8-K to furnish its Q3 fiscal 2026 earnings release, reporting global comparable store sales growth of 7.9% driven by higher transactions and ticket, a 1% decline in consolidated net revenues to $9.3 billion due to the previously announced divestiture of its China retail operations into a licensed joint venture with Boyu Capital, and strong profit expansion with GAAP EPS of $0.91 and non-GAAP EPS of $0.85. The company highlighted margin expansion (GAAP operating margin up 60 bps to 10.5% and non-GAAP to 14.4%), the opening of 175 net new stores, and the strategic shift of China to a 40%-owned joint venture model, which significantly reduced International segment company-operated revenues while raising licensing economics. Starbucks also disclosed the use of a portion of China sale proceeds to repurchase approximately $1.3 billion of outstanding notes via tender offers, receipt of substantial IEEPA tariff refunds in Q3 that largely offset tariffs incurred earlier in the year, declaration of a $0.62 per share dividend, publication of its Global Impact Report, celebration of roughly 20,000 partner graduates through the Starbucks College Achievement Plan, and an increase to fiscal 2026 guidance including non-GAAP EPS of $2.55–$2.65, global comparable sales nearing 6%, and 600–650 net new stores. These developments are framed within the company’s "Back to Starbucks" strategic and restructuring plan, which is driving higher restructuring costs but also supporting sustained top- and bottom-line performance.

Filing Facts

CIK

829224

Ticker

SBUX

Form

8K

Source Type

sec

Accession

0000829224-26-000129

Alert Tier

9