Starbucks Reports Q2 Fiscal Year 2026 Results

This quarter marked a milestone for Starbucks — and the turn in our turnaround. 

For the first time in more than two years, we delivered growth on both the top line and the bottom line. 

Global comparable sales strengthened, led by transactions. And earnings grew year over year. 

Put simply, more customers are getting back to Starbucks as we deliver the best of Starbucks more consistently. 

When we launched Back to Starbucks, we committed to refocusing on the customer, improving operations, strengthening our marketing and menu, and investing in our partners and our coffeehouses. 

And we said disciplined execution would turn top‑line growth into earnings. 

And that’s exactly what we delivered in Q2. 

Here’s what’s driving our success: 

First, Green Apron Service is setting the standard for customer service. 

Investments in staffing and scheduling, technology, and leadership are giving our green apron partners the support they need to deliver the world’s best service. 

As a result, our partners are showing up with confidence. And they’re delivering great craft and connection with speed, even as more customers come back to visit. 

Tools like the GROW Report are helping us quickly see what’s working, close gaps, and raise performance. 

We also made the best job in retail even better.  

This quarter, we announced new ways for green apron partners to share in the success they help drive, linking quarterly incentives to coffeehouse-level performance. 

These investments are all focused on creating an experience that’s more consistent, welcoming and human. 

Second, our marketing, menu innovation, and a more rewarding Starbucks Rewards program are working with the experience our partners deliver to drive customer demand. 

They’re putting Starbucks at the forefront of culture. They’re giving customers more reasons to visit in the morning and the afternoon. And they’re making our brand more visible and relevant. And they’re creating real value our customers really love. 

Third, our International business helped the brand show up in more places and put the shine on Starbucks around the world. 

All ten of our largest international markets delivered positive comparable sales for the first time in nine quarters. 

And China delivered another quarter of transaction‑led growth. We also closed our transaction with Boyu Capital to unlock more long-term potential in the market. 

Around the world, we’re getting leaner and moving faster. We’re holding ourselves accountable to clear standards. And clearly we are innovating with discipline.  

That focus is driving better execution. And, in turn, better results. 

I see it in our green apron partners who are operating with more confidence and creating more moments of connection with every cup served.  

I see it in coffeehouse leaders coaching to the standard, day after day.  

And I see it in determined support teams across the company working together, and with more control, to drive results.  

This is Starbucks.  

One that listens, learns, and gets better as it executes. One that stays close to the customer and the coffeehouse. And one that moves with speed to get things done. And one that keeps raising the bar to deliver strong performance quarter after quarter. 

So our focus now is on sustaining our momentum, so today’s progress becomes lasting performance.  

We know the path forward won’t be linear… and we have much more work to do… but the changes we’re making are moving together and truly beginning to compound. 

So thank you to our partners around the world for the care and discipline you bring to our coffeehouses and support centers every day.  

You delivered these results, and you should be proud. 

Lastly, thank you to our customers and shareholders for your continued trust. We are really proud to serve you.