Starbucks Corporation posted consolidated net revenues of $9.9bn for the 13-week first quarter of fiscal 2026 (FY26), which ended on 28 December 2025.
The figure represents a rise of 6% compared to $9.39bn reported for the same period a year ago.
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In North America, quarterly net revenues increased 3% year on year to $7.3bn, while operating income fell to $867m from $1.2bn in Q1 FY25.
The operating margin in the segment declined to 11.9%, down from 16.7% a year earlier. The company attributed the margin pressure to labour investments linked to “Back to Starbucks” and inflationary factors “primarily driven by tariffs and elevated coffee pricing”.
In the International segment, net revenues rose 10% year on year to $2.1bn in Q1 FY26.
Operating income in the international segment increased to $282.7m in Q1 FY26, compared with $237.1m in Q1 FY25.
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By GlobalDataThe channel development segment generated net revenues of $522.7m in the quarter. The company reported $436.3m in the same period of FY25, representing a 20% year-on-year increase.
Starbucks Corporation chairman and CEO Brian Niccol said: “Our Q1 results demonstrate our ‘Back to Starbucks’ strategy is working, and we believe we’re ahead of schedule.
“It’s great to see the sales momentum driven by more customers choosing Starbucks more often, and this is just the beginning.”
Globally, the coffeehouse chain’s comparable store sales in the 13-week period grew 4%, driven by a 3% increase in comparable transactions and a 1% rise in average ticket.
In North America and the US, comparable store sales also rose 4% while internationally the figure was up 5%.
However, Starbucks reported GAAP earnings per share of $0.26 for the quarter, a 62% decline from the prior-year period.
For fiscal 2026, the company said it expects global and US comparable store sales growth of 3% or greater, with consolidated net revenues increasing at a similar pace.
Starbucks added 128 net new stores in the first quarter, bringing its total store count to 41,118 at the end of the period. The portfolio comprises 52% company-operated locations and 48% licenced stores.
