STARBUCKS CORP — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 48/100
What the filing says
Starbucks divested its China retail operations to Boyu Capital joint venture in Q3 FY26, generating $536.3M pre-tax gain. Q4 FY26 global comparable coffeehouse sales increased 7.2% (North America +7.9%, International +0.9%); consolidated revenues declined 4% to $9.1B due to China transition. For FY27, company guides ~1% revenue decline (reflecting China JV model and 53-week year), North America comp growth ~4%, non-GAAP EPS $3.15–$3.25 (vs. FY26 $2.72).
Why this rating
China divestiture materially alters revenue structure (~$700M less in FY27); moderate disruption for a $111B company, but core North America momentum (+7.9% comps) offsets. FY27 guidance lower; restructuring ongoing.
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