Earnings Call
Apr 28, 2026
Q1 FY2026
EPS Estimate
0.44
EPS Actual
0.56
Post-Earnings Close
$105.50
Earnings Reaction
+8.4%
Starbucks posted its most encouraging quarter since Brian Niccol took the helm, with Q1 fiscal 2026 results that validate the core thesis of the Back to Starbucks turnaround: fix the top line first, and earnings will follow. Global revenue reached $9.9 billion, up 5% year over year, while global comparable store sales accelerated to 4% growth, both figures comfortably ahead of estimates. EPS of $0.56 beat the $0.44 consensus by a wide margin, though the comparison is complicated by the cessation of depreciation on China assets classified as held for sale, which reduced monthly expenses by approximately $39 million starting in December.
Report generated on Apr 27, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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