Starbucks sees FY28 non-GAAP EPS $3.35-$4.00

Starbucks (SBUX) shared a long-term financial framework built on consistent comparable sales growth, disciplined coffeehouse expansion and operating leverage. In fiscal 2028, the company expects to deliver: 5% or greater consolidated net revenue growth; 3% or greater global and U.S. comparable store sales growth; 2%-3% consolidated revenue contribution from new stores; Over 2,000 net new stores across the global company-operated and licensed portfolio, including approximately 400 net new U.S. company-operated stores; Non-GAAP consolidated operating margin of 13.5%-15%; Non-GAAP Earnings Per Share of $3.35-$4.00. “Starbucks has enduring strengths and we are building on them,” said Cathy Smith, CFO. “Our financial framework shows how we will translate our ‘Back to Starbucks’ strategy into sustainable, profitable growth and compelling shareholder returns.”