Starbucks Corporation Q1 2026 Earnings Recap

Starbucks reported strong first-quarter fiscal 2026 results, with a 5% increase in global revenue and notable improvements in transaction growth across key markets, signaling the effectiveness of its turnaround strategy.

Key Takeaways

• Global revenue increased 5% to $9.9 billion, with comparable store sales growth of 4%.
• North America revenue grew 3%, bolstered by a 4% rise in company-operated sales comps, primarily driven by transaction growth.
• Active Starbucks Rewards membership reached a record 35.5 million, with rewards and non-rewards transactions both experiencing growth for the first time in nearly four years.
• Operating margin improved to 10.1%, with EPS reported at $0.56, reflecting disciplined execution of the Back to Starbucks plan.
• Appointment of Anand Rerudharajan as Chief Technology Officer aimed at propelling technology improvements within the organization.