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Starbucks Sees Revenue Boost Amid Store Closures, Layoffs

10/29/2025

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Summary

Story summary

Starbucks reported a 5% increase in net revenue for its fiscal fourth quarter, totaling $9.6 billion, exceeding Wall Street expectations.
Global same-store sales rose 1%, driven by international markets, while U.S. sales remained flat.
The company experienced an 85% drop in profit to 12 cents per share due to a $1 billion restructuring, which involved closing 627 stores and laying off 900 employees.
CEO Brian Niccol highlighted progress in their turnaround strategy, but CFO Cathy Smith cautioned that recovery remains unpredictable.
Starbucks shares increased nearly 2% in after-hours trading.

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Story summary

Starbucks reported a 5% increase in net revenue for its fiscal fourth quarter, totaling $9.6 billion, exceeding Wall Street expectations.
Global same-store sales rose 1%, driven by international markets, while U.S. sales remained flat.
The company experienced an 85% drop in profit to 12 cents per share due to a $1 billion restructuring, which involved closing 627 stores and laying off 900 employees.
CEO Brian Niccol highlighted progress in their turnaround strategy, but CFO Cathy Smith cautioned that recovery remains unpredictable.
Starbucks shares increased nearly 2% in after-hours trading.