For the period, its net revenue rose 6% year over year to $9.9 billion. The company's net income in accordance with generally accepted accounting principles (GAAP) fell to $293 million from first quarter 2025's nearly $781 million. Collectively, pundits tracking the coffee slinger were modeling net revenue of slightly more than $9.6 billion and adjusted net income of $0.59 per share. Adjusted net income should land at $2.15 to $2.40 per share; the 2015 figure was $2.13. Starbucks has been something of a pariah stock in recent months, largely due to uninspiring results; a wave of store closures also doesn't help investor (or consumer) morale.