Starbucks (SBUX) stock was on the move Wednesday after the coffee chain posted its Fiscal Q1 2026 earnings report. The company reported adjusted earnings per share of 56 cents, which missed Wall Street’s estimate of 59 cents. The company’s adjusted EPS was also down 18.8% year-over-year from 69 cents.
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Starbucks reported revenue of $9.9 billion in its most recent earnings report, which was better than the $9.65 billion that analysts expected. It also represented a 5.5% year-over-year increase from the $9.34 billion reported in the same period of the year prior. This growth was fueled by a 4% increase in global comparable store sales, including a 4% growth in the U.S. comparable sales and a 2% growth in international comparable sales.