Starbucks reported a 39% year-over-year increase in Channel Development net revenues for the second quarter of fiscal 2026, driven by higher revenues from the Global Coffee Alliance. The segment, which covers packaged coffee, ready-to-drink products, and consumer-packaged platforms, provides an additional revenue path beyond company-operated stores. Starbucks highlighted strong early performance for its multi-serve Refreshers concentrate in North America, calling it the company's largest CPG launch in more than a decade, along with strong customer reception and repeat purchases. The company also launched coffee and protein ready-to-drink beverages at the end of the quarter, complementing its growing protein platform in coffeehouses. While company-operated stores remain central to the broader turnaround, Channel Development is becoming a more visible incremental revenue opportunity.
Starbucks CorporationChannel Development revenue jumped 39% YoY, driven by strong sales of new products like Refreshers concentrate and protein RTD beverages.
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