Starbucks Corp (NASDAQ:SBUX, ETR:SRB) late Wednesday reported fiscal fourth quarter 2025 earnings that fell short of expectations, even as the beverage retail giant’s same-store sales increased for the first time in seven quarters.
The company recorded adjusted earnings per share for the period of $0.52, missing the $0.56 analyst consensus estimate based on a survey by LSEG.
Starbucks saw its revenue for the quarter rise 5% year over year to $9.57 billion, better than the Wall Street forecast of $9.35 billion.
The company’s global same-store sales in Q4 increased 1%, boosted by a 3% improvement in international markets, while US same-store sales were flat for the quarter but turned positive in September.
During the quarter, Starbucks shuttered 627 retail locations and laid off about 900 nonretail employees as part of a restructuring plan.
“We still have a lot of work in front of us, but it’s clear we’re moving in the right direction,” Starbucks CEO Brian Niccol said during a conference call with investors on Wednesday.
The company has implemented new software to help stores sequence drive-thru, in-store and mobile orders, reducing wait times for customers.
Niccol noted that more than 80% of company-operated locations have an average service time of four minutes or less.