The company said consolidated net revenues for the second quarter of fiscal 2026 rose 9% to $9.5 billion ($8.8 billion a year earlier). The company cited a 6.2% increase in global comparable store sales as the main driver.

10-QQuarterly reportFiled Apr 28, 2026Period of report Mar 29, 2026Summary published (UTC) Oct 2, 2026

Key points

AI summary

The company said consolidated net revenues for the second quarter of fiscal 2026 rose 9% to $9.5 billion ($8.8 billion a year earlier). The company cited a 6.2% increase in global comparable store sales as the main driver.
The company said consolidated operating margin for Q2 expanded 180 basis points from the prior year to 8.7%. The company cited sales leverage and lower store operating and depreciation and amortization costs after the China retail assets were classified as held for sale as drivers, which it said were partially offset by labor investments.
The company said the China retail joint venture transaction closed on March 30, 2026, with funds managed by Boyu Capital acquiring a 60% stake and Starbucks holding a 40% stake. The company said it plans to use the transaction proceeds for debt reduction.
The company said operating cash flow for the first two quarters of fiscal 2026 was $2.0 billion ($2.4 billion a year earlier), and cash used in financing activities was $2.4 billion. The company cited the repayment of $1.0 billion in long-term debt as the main driver of the change in financing activities.

Key figures

Quarter ended March 29, 2026

Revenue: $9.5B
Operating income: $828M
Net income: $511M
EPS: $0.45

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Fiscal 2026 QQ2 consolidated net revenues $9.5 billion

The company said consolidated net revenues for the second quarter of fiscal 2026 rose 9% to $9.5 billion ($8.8 billion a year earlier). The company cited a 6.2% increase in global comparable store sales as the main driver.

Source · Based on the MD&A text of the filing

Q2 consolidated operating margin 8.7%, up 180 basis points

The company said consolidated operating margin for Q2 expanded 180 basis points from the prior year to 8.7%. The company cited sales leverage and lower store operating and depreciation and amortization costs after the China retail assets were classified as held for sale as drivers, which it said were partially offset by labor investments.

Source · Based on the MD&A text of the filing

China retail joint venture transaction closes

The company said the China retail joint venture transaction closed on March 30, 2026, with funds managed by Boyu Capital acquiring a 60% stake and Starbucks holding a 40% stake. The company said it plans to use the transaction proceeds for debt reduction.

Source · Based on the MD&A text of the filing

Fiscal 2026 first-half cash flow

The company said operating cash flow for the first two quarters of fiscal 2026 was $2.0 billion ($2.4 billion a year earlier), and cash used in financing activities was $2.4 billion. The company cited the repayment of $1.0 billion in long-term debt as the main driver of the change in financing activities.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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