Starbucks Q2 FY2026: Revenue Climbs, Global comps Rise, and Guidance Is Raised
Starbucks reported Q2 FY2026 results with global comparable store sales up 6.2% (NA +7.1%, US +7.1%, International +2.6%, China +0.5%), and net revenues up 9% to $9.53 billion. GAAP EPS was $0.45 and non-GAAP EPS $0.50. Operating margins expanded, and the company raised its fiscal 2026 guidance to at least 5% comp growth, roughly flat consolidated net revenues, non-GAAP EPS of $2.25–$2.45, and about 600–650 net new stores globally. Highlights include Back to Starbucks progress, a China joint venture with Boyu Capital (Starbucks 40%, Boyu 60%; impact reported in Q3), a refreshed loyalty program launch, and a quarterly dividend of $0.62 per share. Starbucks also noted store count at 41,129 with ongoing investments and strategic actions in 2026.


