Starbucks Q4 beats on EPS and same-store sales, revenue dips on China JV

Starbucks reported Q4 adjusted EPS of $0.80, above estimates, and global comparable sales rose 7.2%, beating expectations. Revenue fell 4% to $9.1B, missing forecasts, due to the conversion of China operations to a joint venture. The company issued FY27 guidance in line with consensus. Shares fell ~2% after hours.