# The group reported revenue of $9.5bn, exceeding estimates and up 9% year-on-year.

*business · news · 2026-04-28 · MarketScreener*

## Key points

- Starbucks raised its annual comparable sales growth target from 3% to at least 5%.
- US comparable sales grew 7.1%, mainly from a 4.3% increase in transactions.
- North American adjusted operating margin fell to 9.9% due to higher costs and product mix.
- China's comparable sales growth was only 0.5%, signaling a significantly weaker performance.
- Starbucks' Chinese joint venture with Boyu will change financial reporting from Q3 onward.

**Companies:** Starbucks
**Countries:** United States, China

[Read the full story on MarketScreener](https://www.marketscreener.com/news/starbucks-surges-as-quarterly-results-bolster-turnaround-credibility-ce7f59d3d989f123)

---

Canonical: https://newsio.io/n/7f08afd5-2c5c-4b89-8960-233a80f6c83b/the-group-reported-revenue-of-9-5bn-exceeding-estimates-and-up-9-year-on-year-gl
Summarized by Newsio from MarketScreener. https://newsio.io/how-it-works