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Starbucks Reports Q1 Fiscal Year 2026 Results

Company delivers U.S. comparable transaction growth for the first time in eight quarters.

January 28, 2026
A barista in a green apron smiles while handing a coffee cup to a customer at a café counter. The setting is warm and inviting.
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SEATTLE – Starbucks Corporation (Nasdaq: SBUX) today reported financial results for its 13-week fiscal first quarter ended December 28, 2025. GAAP results in fiscal 2026 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information. 

For the full press release, please visit our Investor Relations site here .  

  • “Our Q1 results demonstrate our ‘Back to Starbucks’ strategy is working and we believe we’re ahead of schedule,” commented Brian Niccol, chairman and chief executive officer. “It’s great to see the sales momentum driven by more customers choosing Starbucks more often, and this is just the beginning.” 
  • “With our ‘Back to Starbucks’ initiatives gaining traction, we have clear line of sight to translating topline strength into sustainable earnings growth that positions us for long-term profitable growth,” commented Cathy Smith, chief financial officer. 
A line graph showing Starbucks U.S. comparable store sales from Q1 FY25 to Q1 FY26. Sales improved from -4% to 4%.

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