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NewsWPLG Local 10 – Main FeedOctober 29, 2026Miami-Dade County

Starbucks Reports Q4 Revenue Miss Despite Strong U.S. Sales and Store Closures

Photo: WPLG Local 10 – Main Feed

Starbucks reported that its fourth-quarter net revenue fell 4% to $9.14 billion, missing Wall Street forecasts, as weaker results in China offset strong domestic demand. Global same-store sales grew 7.2% for the July-September period, driven by a 7.7% jump in the U.S., while the company adjusted its retail footprint by closing North American stores.

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Why It Matters

Investors saw company shares drop nearly 2% in after-hours trading following the revenue miss and lowered projections for the 2027 fiscal year.

Key Facts

  • Starbucks global same-store sales rose 7.2% for the July-September period, beating the 6% increase expected by Wall Street.
  • U.S. same-store sales increased by 7.7%, driven by broad-based demand, popular fall drinks, and afternoon traffic.
  • Matcha has grown into a $1 billion platform primarily enjoyed in the afternoon.
  • Starbucks closed 250 North American stores in late September under Chairman and CEO Brian Niccol, following an earlier closure of 627 stores in North America and Europe in September 2025.
  • Net revenue fell 4% for the quarter to $9.14 billion, missing the $9.2 billion forecast by analysts.
  • International same-store sales rose less than 1% with a 2.8% decline in international store traffic.
  • Lower contributions from China, where Boyu Capital operates stores under a joint venture with Starbucks retaining a 40% interest, impacted revenue.
  • Starbucks expects net revenue to fall 1% in its 2027 fiscal year, lower than the 1% increase forecast by Wall Street.
  • Adjusted earnings per share reached 80 cents, beating the 72 cents forecast by analysts.
  • Starbucks shares fell almost 2% in after-hours trading on Thursday.

Who's Mentioned

OrganizationStarbucks“Coffee giant reporting quarterly financial results.”locationChina“International market affecting company revenue.”OrganizationBoyu Capital“Chinese investment firm operating Starbucks stores in China under a joint ventur”locationU.S.“Domestic market showing strong same-store sales growth.”PersonBrian Niccol“Chairman and CEO who joined the company in 2024.”locationNorth America“Region where Starbucks closed stores.”OrganizationFactSet“Analyst polling firm.”