USA | Starbucks has delivered healthy comparable store sales and earnings growth, with comparable stores up 6.2 percent globally.
Starbucks Corporation has reported its financial results for its 13-week fiscal second quarter ended March 29, 2026.
Global comparable store sales increased 6.2 percent, primarily driven by a 3.8 percent increase in comparable transactions and a 2.3 percent increase in average ticket. North America comparable store sales increased 7.1 percent, primarily driven by a 4.4 percent increase in comparable transactions and a 2.6 percent increase in average ticket; U.S. comparable store sales increased 7.1 percent, primarily driven by a 4.3 percent increase in comparable transactions and a 2.7 percent increase in average ticket. International comparable store sales increased 2.6 percent, primarily driven by a 2.1 percent increase in comparable transactions and a 0.5 percent increase in average ticket; China comparable store sales increased 0.5 percent, primarily driven by a 2.1 percent increase in comparable transactions, partially offset by a 1.6 percent decline in average ticket.
The company opened 11 net new stores in Q2, ending the period with 41,129 stores: 52 percent company-operated and 48 percent licensed. At the end of Q2, stores in the U.S. and China comprised 61 percent of the company’s global portfolio, with 16,944 and 7,991 stores in the U.S. and China, respectively.
Consolidated net revenues increased nine percent to USD 9.5 billion, or a eight percent increase on a constant currency basis.
GAAP operating margin expanded 180 basis points year-over-year to 8.7 percent, primarily driven by sales leverage and lower store operating and depreciation and amortisation costs after classifying assets for Starbucks retail operations in China as held for sale, partially offset by labour investments largely in support of “Back to Starbucks”.
“Our second quarter marked the turn in our turnaround as our Back to Starbucks plan drove both top and bottom line growth,” commented Brian Niccol, chairman and chief executive officer.
“This is the Starbucks our customers deserve and the Starbucks we believe will deliver long-term growth and value for our partners and shareholders as we execute consistently, at-scale.”
“We’ve been clear that topline improvement would come first, with earnings growth to follow,” said Cathy Smith, chief financial officer.
“We have more work to do, but we're pleased to see the combination of our comp growth and cost discipline starting to show up in margins.”
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