Starbucks stock trades at EUR 96.56 after stronger fiscal finish

Published on 11/04/2026 at 17:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Starbucks stock extends its move after a stronger fiscal finish and a new growth outlook. North American demand remains the main support for the turnaround.

Quarterly momentum meets China transition

Comparable sales and operating margins improved in Starbucks' fiscal fourth quarter.
The China operating model change weighs on reported revenue and complicates year-over-year comparisons.
Fiscal 2027 guidance shifts attention to North American demand, margins and earnings growth.

Starbucks Corp., US8552441094, Illustration mit AI erstellt.

Starbucks stock traded at 96.56 euros on Lang & Schwarz at 17:08 CET on Wednesday, November 4, 2026, 3.50 percent above the Xetra close of Tuesday, November 3. Compared with the 92.81-euro quote in the latest report from 08:32 CET on November 4, the price was 4.04 percent higher.

The move follows Starbucks' fiscal fourth-quarter results published on October 29. In its financial release, the company reported stronger comparable sales and wider margins, while the China transition reduced consolidated revenue.

Comparable sales lead the recovery

Global comparable coffeehouse sales increased 7.2 percent in the 13-week quarter ended September 27, 2026. North America comparable sales rose 7.9 percent, with higher average tickets and more transactions supporting the improvement.

Starbucks reported a 14.0 percent non-GAAP operating margin, up from 9.5 percent a year earlier. Non-GAAP earnings per share reached 0.80 US dollars, an increase of 54 percent year over year. The company said lower restructuring costs and sales leverage helped widen profitability.

China keeps revenue under pressure

Consolidated quarterly revenue declined 4.5 percent to 9.14 billion US dollars. The main factor was the transfer of Starbucks' China retail operations to a licensed joint venture model, which changes the revenue base and makes comparisons with the prior year less direct.

For fiscal 2027, Starbucks expects consolidated revenue to decline about 1 percent. Management targets North America comparable coffeehouse sales growth of about 4.0 percent, a non-GAAP operating margin of 13.5 to 14.0 percent and non-GAAP earnings per share of 3.15 to 3.25 US dollars. The company also expects about 1,200 net new coffeehouses globally.

Investors will therefore focus on whether North American traffic and ticket growth can support continued margin expansion while the China transition weighs on the reported top line.

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