Keep pulling the thread on Boyu Capital.
In Q1 fiscal 2026, Starbucks' global revenue grew by 5% to $9.9 billion.
Starbucks' global comparable store sales grew by 4% in Q1 fiscal 2026.
Starbucks' North America revenue grew 3% to $7.3 billion in Q1 fiscal 2026.
Starbucks' consolidated operating margin in Q1 fiscal 2026 was 10.1%, a contraction of 180 basis points year-over-year.
Starbucks' North America operating margins declined by approximately 420 basis points year-over-year in Q1 fiscal 2026.
Starbucks' EPS for Q1 fiscal 2026 was $0.56, a 19% decrease from the prior year.
Starbucks has entered into an agreement with Boyu Capital to form a joint venture for its retail operations in China, where Boyu will acquire up to a 60% interest and Starbucks will retain 40%.
Starbucks has identified BowYu as its partner to expand its operations in China.
Starbucks expects to close its joint venture deal with Boyu Capital in China in the spring of 2026, subject to regulatory approvals.
For fiscal year 2026, Starbucks expects global comparable store sales growth of 3% or better.
Starbucks projects comparable store sales growth in the U.S. to be 3% or better for fiscal year 2026.
Starbucks plans to open approximately 600 to 650 net new coffeehouses globally in fiscal year 2026.