Starbucks Corp (NASDAQ:SBUX) served up its fiscal fourth-quarter results after the closing bell on Thursday, and the market's reaction was about as exciting as a lukewarm latte. The coffee giant beat on the bottom line but missed on the top line, and the stock barely budged in after-hours trading.

The Numbers: A Beat and a Miss

Starbucks reported revenue of $9.14 billion, which fell short of the $9.23 billion analysts were looking for. On the earnings side, adjusted earnings came in at 80 cents per share, comfortably ahead of the 72-cent estimate, according to market data.

Consolidated net revenue was down 4% year over year, but the sales picture inside the stores was brighter. Global comparable store sales climbed 7.2%, powered by a 5.2% increase in average ticket and a 1.8% increase in comparable transactions. North America comps rose 7.9%, while international comps grew 0.9%.

Niccol: 'A Terrific Quarter'

CEO Brian Niccol was in a celebratory mood. "We had a terrific quarter and a great year driven by our focus on the fundamentals and what has always set Starbucks apart: exceptional coffee, a moment of connection and a world-class customer experience," he said.

He also made a point about the durability of the turnaround: "This gives me confidence our performance is durable. Back to Starbucks started as our turnaround plan. Now, it's our growth plan."

Starbucks opened 303 net new stores during the quarter and ended the period with 41,607 total locations. The company also reported approximately $3.68 billion in cash and cash equivalents at quarter's end.

Looking Ahead to Fiscal 2027

For fiscal 2027, Starbucks expects consolidated net revenues to decline by approximately 1%. The company guided for U.S. comparable sales growth of approximately 4% and sees adjusted earnings of $3.15 to $3.25 per share, versus the $3.14 per share analysts expect.

The board declared a cash dividend of 63 cents per share, payable on Nov. 27 to shareholders of record as of Nov. 13.

Management was discussing the quarter on an earnings call that kicked off at 4:15 p.m. ET.

SBUX Price Action

Starbucks shares were down 0.11% in after-hours trading, changing hands at $105.50 at the time of publication on Thursday, according to market data.