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Starbucks Corporation SBUX expects fiscal 2027 earnings per share (EPS) of $3.15-$3.25, representing growth of approximately 18% at the midpoint, despite an anticipated 1% decline in consolidated revenues. The differing trajectories primarily reflect the transition of Starbucks' China retail operations to a licensed joint venture, alongside expected operating margin expansion as its Back to Starbucks strategy progresses. The projected revenue decline primarily reflects China's deconsolidation. In the first half of fiscal 2027, Starbucks' reported revenues will exclude China retail sales that were included in the corresponding fiscal 2026 period.
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