Starbucks Q2 revenue up 9% to $9.5 billion; raises fiscal 2026 EPS guidance
Starbucks reported fiscal second-quarter 2026 results for the quarter ended March 29, 2026, with net revenues up 9% to $9.5 billion and GAAP earnings per share up 32% to $0.45. The company raised its fiscal 2026 guidance for comparable store sales growth and non-GAAP earnings per share, which now range from $2.25 to $2.45. For shareholders, the results show growth in sales and earnings, though management said it has more work to do and North America margins narrowed.
Key points
- Global comparable store sales rose 6.2%, driven by a 3.8% increase in comparable transactions and a 2.3% increase in average ticket.
- GAAP EPS of $0.45 rose 32%; non-GAAP EPS of $0.50 rose 22%.
- Fiscal 2026 guidance now calls for non-GAAP EPS of $2.25 to $2.45 and global and U.S. comparable store sales growth of 5.0% or greater.
- North America operating margin fell to 9.9% from 11.6%, citing labor investments, tariffs and elevated coffee pricing.
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.