Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended December 28, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 000-20322 Starbucks Corporation (Exact Name of Registrant as Specified in its Charter) Washington 91-1325671 (State or Ot ...

Exhibit 99.1 Starbucks Reports Q1 Fiscal Year 2026 Results Q1 Comparable Store Sales Accelerate to 4% Globally and in the U.S., Led by Transactions Company Delivers U.S. Comparable Transaction Growth for the First Time in Eight Quarters Q1 Consolidated Net Revenues Up 6% to $9.9 Billion Q1 GAAP EPS $0.26, Non-GAAP EPS $0.56 Company Introduces Fiscal Year 2026 Guidance SEATTLE; January 28, 2026 – Starbucks Corporation (Nasdaq: SBUX) today reported financial results for its 13-week fiscal first quarter ended ...

Group 1 - The coffee chain reported a 4% increase in U.S. same-store sales in the latest quarter, marking a return to growth for the first time since late 2023 [1]

Core Insights - Starbucks Corporation reported financial results for its fiscal first quarter ended December 28, 2025, indicating that the "Back to Starbucks" strategy is yielding positive results with increased customer engagement and sales momentum [3][6]. Q1 Fiscal Year 2026 Highlights - Net revenues for the North America segment increased by 3% year-over-year to $7.3 billion, driven by a 4% increase in comparable store sales, which included a 3% rise in transactions and a 1% increase in average ticket [6][9]. - Operating income for the North America segment decreased to $867 million, with an operating margin of 11.9%, down from 16.7% in the prior year, primarily due to labor investments and inflationary pressures [7][9]. - The International segment saw net revenues rise by 10% to $2.1 billion, supported by a 5% increase in comparable store sales and a 19% increase in operating income to $282.7 million [11][12]. - The Channel Development segment reported a 20% increase in net revenues to $522.7 million, attributed to growth in the Global Coffee Alliance and ready-to-drink business [13][14]. Company Update - Starbucks announced a joint venture with Boyu Capital to operate its retail in China, with Boyu acquiring up to a 60% interest, while Starbucks retains a 40% interest [20]. - The company appointed Anand Varadarajan as chief technology officer effective January 19, 2026 [20]. - A cash dividend of $0.62 per share was declared, reflecting the company's commitment to consistent value creation for shareholders [20]. Fiscal Year 2026 Guidance - The company anticipates global and U.S. comparable store sales growth of 3% or greater, with consolidated net revenues growing at a similar rate [20]. - Non-GAAP consolidated operating margin is expected to slightly improve year-over-year, with earnings per share projected in the range of $2.15 to $2.40 [20].

Market Sentiment - The CNN Money Fear and Greed index improved to a reading of 63.6, remaining in the "Greed" zone, up from 58.9 [6] - U.S. stocks showed mixed results, with the Dow Jones falling over 400 points while the Nasdaq Composite gained over 200 points [1] Company Performance - General Motors Co. (NYSE:GM) saw a surge of more than 8% after exceeding forecasts and providing positive guidance for 2026 [2] - Boeing Co. (NYSE:BA) reported fourth-quarter revenue of $23.948 billion, a 57% increase from $15.242 billion, but its stock fell around 1.5% [2] Economic Indicators - The Case-Shiller Home Price Index rose by 1.4% year-over-year in November, surpassing October's growth of 1.3% and market estimates of 1.2% [3] - The FHFA house price index increased by 0.6% in November, exceeding market expectations of a 0.3% gain [3] Sector Performance - Most sectors on the S&P 500 closed positively, with energy, information technology, and utilities stocks showing the largest gains [4] - Health care and financial stocks closed lower, bucking the overall market trend [4] Upcoming Earnings - Investors are anticipating earnings results from Microsoft Corp. (NASDAQ:MSFT), Tesla Inc. (NASDAQ:TSLA), and Starbucks Corp. (NASDAQ:SBUX) [5]

Group 1 - U.S. stock futures are trading higher, indicating a positive market sentiment for the day [1] - Microsoft Corp. is expected to report quarterly earnings of $3.97 per share on revenue of $80.27 billion, with shares rising 0.4% to $482.50 in after-hours trading [1] - Packaging Corp Of America reported weaker-than-expected fourth-quarter results, projecting first-quarter GAAP EPS of $2.20, below market estimates of $2.26, leading to a 2.1% decline in shares to $218.99 [1] - Tesla Inc. is anticipated to post quarterly earnings of 45 cents per share on revenue of $24.78 billion, with shares increasing 0.4% to $432.49 in after-hours trading [1] - Starbucks Corp. is projected to report quarterly earnings of 59 cents per share on revenue of $9.73 billion, with shares slipping 0.1% to $95.70 in after-hours trading [1] - AT&T Inc. is expected to report quarterly earnings of 46 cents per share on revenue of $32.87 billion, with shares rising 0.3% to $23.07 in after-hours trading [1]

Starbucks is mandating that CEO Brian Niccol use the company’s private jet for all his travel, including personal trips, while removing a previous restriction that would have required him to reimburse some travel expenses. Read more: https://t.co/3tEOD81hUr📷️: Michael Reaves/Getty Images ...

-- Are Investors Buying the Starbucks Turnaround Plan? This Year, They're Drinking It Up [S&P 500 Hits Record High][Why Health Insurance Stocks Are Sinking Tuesday][Gold Surges Above $5,000 Per Ounce For First Time][What to Expect From This Week's Fed Meeting]- Top StoriesShares of Starbucks have been steady climbers in the early going of 2026.James Manning / PA Images via Getty ImagesClose### Key Takeaways- Two events this week—quarterly financial results and an investor day—could help extend that run.- Sh ...

Core Viewpoint - Starbucks has shown a strong start to 2026 with a 15% stock gain in the first three weeks, indicating potential recovery under CEO Brian Niccol's leadership [1] Group 1: Company Performance and Strategy - The effectiveness of Niccol's turnaround strategy is still under scrutiny, but recent improvements suggest that his plans are beginning to yield positive results [2][3] - Key strategies include simplifying the menu, closing underperforming stores, and enhancing customer experience, which may help Starbucks regain its former appeal [3][4] - The loyalty program is being enhanced, and there is a focus on protein offerings and reducing wait times, indicating a strategic shift towards core strengths [4][5] Group 2: Future Outlook - The introduction of "coffeehouse coaches" aims to improve in-store quality and consistency, reflecting Niccol's successful strategies from previous roles [8] - Upcoming Investor Day is anticipated to reveal more about how Niccol plans to sustain momentum, with a particular interest in AI and robotics integration in stores [9][10] - The future of Starbucks stores may involve significant changes, potentially leading to improved returns in the next decade compared to the past [10]

Starbucks Corporation (NASDAQ:SBUX) will release earnings for the first quarter before the opening bell on Wednesday, Jan. 28.Analysts expect the company to report fourth-quarter earnings of 59 cents per share. That’s down from 69 cents per share in the year-ago period. Analysts consensus estimate for quarterly revenue is $9.65 billion (Starbucks reported $9.4 billion last year), according to Benzinga Pro. Mizuho analyst Nick Setyan maintains a Neutral rating and raised his Starbucks price target to $95 fro ...