Starbucks (SBUX) Q1 2026 (USD): Adj. EPS 0.56 (exp. 0.59), Revenue 9.9bln (exp. 9.65bln); comp sales +4% (exp. 1.88%)

• Expects approximately 600 to 650 net new coffeehouses globally across company-operated and licensed businesses in 2026.
• FY EPS 2.15-2.40 (exp. 2.34).
• FY Global and US comp sales growth of 3% or greater (exp. 2.8%). 

Starbucks reported Q1 results with an adjusted EPS miss relative to expectations, despite a stronger revenue beat, indicating mixed performance against analyst forecasts. The positive comp sales growth suggests solid demand and a robust outlook, particularly with plans for significant new store openings and an estimated FY EPS guidance that aligns closely with expectations, signaling confidence in future growth. This release may prompt a nuanced reaction in equities as traders assess the balance between the EPS miss and optimistic growth prospects.