Starbucks — Apr 28, 2026 release

In April, the company announced a plan to open an additional office in Nashville, Tennessee intended to establish a more strategic presence in the Southeast region of the U.S. In March, management approved a restructuring plan to relocate certain functions of our support organization to the additional office. 7. The Board declared a cash dividend of $0.62 per share, payable on May 29, 2026, to shareholders of record on May 15, 2026. The company had 64 consecutive quarters of dividend payouts with CAGR of 17% over that time period, demonstrating the company's commitment to consistent value creation for shareholders. 4 Fiscal Year 2026 Guidance The company updates its fiscal year 2026 guidance (all growth targets are relative to fiscal year 2025 non-GAAP measures unless specified): • Global and U.S. comparable store sales growth of 5.0% or greater; • Consolidated net revenues roughly flat year over year; • Non-GAAP consolidated operating margin to slightly improve year over year; • Non-GAAP earnings per share in the range of $2.25 to $2.45; and • Approximately 600 to 650 net new coffeehouses globally across company-operated and licensed businesses. Please refer to the section entitled "Non-GAAP Disclosure" and the reconciliation of GAAP measures to non-GAAP measures at the end of this release. Certain projected non-GAAP financial measures cannot be reconciled to the most comparable GAAP measure without unreasonable effort. Guidance reflects the retail operations of Starbucks China as a joint venture licensee structure in the second half of the