Starbucks total global stores in 2027

Starbucks projects 42,800 global stores by fiscal year-end 2027. The company concluded fiscal 2026 (September 27, 2026) with 41,607 global coffeehouses, representing a net increase of 617 from the previous year ^[1][2]. Of this total, 18,176 locations were in North America and 23,431 were international, with 32% company-operated and 68% licensed ^[1][2]. Starbucks plans approximately 1,200 net new coffeehouses globally in fiscal 2027, targeting around 42,800 stores by year-end ^{[3][4][5][2][6]}. International markets are expected to contribute approximately 1,100 of these new units, with China accounting for roughly half of that growth ^{[3][4][5][2][6]}. North America is slated for 90-100 new locations, with about half being licensed ^{[3][4][5][2][6]}. Long-term, Starbucks aims for 55,000 total stores by 2030, including nearly 40,000 international units and 5,000 additional North America coffeehouses ^[5][7][8][9]. The divestiture of 7,991 company-operated stores in China in Q3 FY2026, converting them to licensed operations, is the primary driver of projected revenue decline in FY2027 but supports long-term plans to potentially double China's presence from ~8,000 to 15,000-20,000 stores ^{[1][5][10][9]}.

Fiscal 2026 showed profit growth; FY2027 revenue expects slight decline. Starbucks reported $37.9 billion in net revenue for fiscal 2026, a 2.1% increase year-over-year ^[1][4][11]. The company achieved 7.2% global comparable sales growth in Q4, marking its fifth consecutive quarter of positive growth, and a consolidated operating margin of 11.9%, up 200 basis points ^[1][2][4][5]. Diluted EPS reached $2.72, a 27% increase, with Q4 EPS of $0.80 exceeding consensus estimates by 13.4% ^{[1][2][4][5][11]}. For fiscal 2027, a 53-week year with the extra week in Q4, guidance projects a consolidated net revenue decline of approximately 1% year-over-year, primarily attributed to the China divestiture ^{[1][4][5][12][13]}. North America comparable sales are forecast to grow 4%, with a non-GAAP operating margin projected at 13.5-14% and non-GAAP EPS between $3.15-$3.25, representing an approximately 18% increase at the midpoint ^{[1][4][5][12]}. Capital expenditures are planned at roughly 5% of net revenue, alongside approximately $1 billion in share repurchases ^{[1][4][5][12]}.

Market sentiment positive, despite recent employee count adjustments. As of September 28, 2025, Starbucks reported 381,000 employees ^[14][15][16]. Revelio Labs estimated 374,155 employees by March 2026, a 24.3% decrease from 494,541 in 2023, following the elimination of over 2,300 corporate positions since late 2024 and an investment of $600 million in additional retail barista staffing ^[14][15][16]. Starbucks Rewards reached a record 36 million 90-day active members in the U.S., up from 35.8 million in July 2026, while U.S. delivery sales have more than tripled over five years ^[12][5]. Prediction markets indicate a 75-89% probability of Starbucks exceeding 41,400-41,500 global stores in Q1 2027 ^[17][18]. Analyst consensus maintains a 'Buy' rating, with average price targets ranging from $110.76 (Stockanalysis.com, 35 analysts) to $113.44 (MarketWatch, 38 analysts) ^{[12][19][20][21]}. The stock currently trades at 33x forward earnings, with a market capitalization of $118.2 billion ^{[12][19][20][21]}.