Starbucks (SBUX.US) saw a faster-than-expected recovery in its US business in Q4, but the new fiscal year growth guidance has slowed to 4%.

Synergetic Finance APP has learned that Starbucks (SBUX.US) released its fourth quarter fiscal year 2026 financial report after the US stock market closed on October 29 (early morning on October 30, Beijing time). The report shows that Starbucks’ Q4 revenue was $9.14 billion, a decrease of about 4% year-on-year and lower than the market expectation of $9.22 billion. The decline was mainly due to the company’s Chinese retail business changing to a joint venture licensing model with Boyu Capital, so the results are no longer consolidated. On the earnings side, performance was strong: adjusted earnings per share were $0.80, up 54% year-on-year and higher than analysts’ expectations of $0.72.