Starbucks — Jul 29, 2026 release

comparable store sales growth of slightly greater than 6.0%; and ◦ Full fiscal year 2026 global comparable store sales growth nearing 6.0%. • Consolidated net revenues flat to slight growth year over year; • Non-GAAP consolidated operating margin greater than 11.0%; • Non-GAAP earnings per share in the range of $2.55 to $2.65; and • Approximately 600 to 650 net new coffeehouses globally across company-operated and licensed businesses. Please refer to the section entitled "Non-GAAP Disclosure" and the reconciliation of GAAP measures to non-GAAP measures at the end of this release. Certain projected non-GAAP financial measures cannot be reconciled to the most comparable GAAP measure without unreasonable effort. Guidance reflects the retail operations of Starbucks China as a joint venture licensee structure in the second half of the fiscal year 2026. The retail operations of Starbucks China are reported as a company‑operated business for the first half of fiscal year 2026. The company will provide additional information regarding its business outlook during its regularly scheduled quarterly earnings conference call. Conference Call Starbucks will hold a conference call to day at 1:15 p.m. Pacific Time, which will be hosted by Brian Niccol, chairman and ceo, and Cathy Smith, cfo. The call will be webcast and can be accessed at http://investor.starbucks.com . A replay of the webcast will be available until end of day Friday, September 11, 2026. T