Starbucks (NASDAQ:SBUX) Releases FY 2026 Earnings Guidance

Starbucks (NASDAQ:SBUX) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.550-2.650 for the period, compared to the consensus earnings per share estimate of 2.390. The company issued revenue guidance of -, compared to the consensus revenue estimate of $37.7 billion.

Starbucks Stock Down 0.3%

NASDAQ:SBUX traded down $0.30 during trading hours on Friday, reaching $105.55. 2,793,669 shares of the stock were exchanged, compared to its average volume of 8,320,254. The company has a market capitalization of $120.30 billion, a price-to-earnings ratio of 60.60, a PEG ratio of 2.07 and a beta of 0.98. The business has a 50-day moving average of $102.19 and a two-hundred day moving average of $99.04. Starbucks has a twelve month low of $77.99 and a twelve month high of $109.23.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.19. The business had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 33.44%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, research analysts forecast that Starbucks will post 2.41 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s payout ratio is 142.53%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Scotiabank cut Starbucks from a “market perform” rating to an “underperform” rating in a research note on Thursday, May 14th. UBS Group raised their price objective on shares of Starbucks from $105.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Starbucks in a report on Monday, July 20th. Stephens began coverage on shares of Starbucks in a research note on Thursday, May 14th. They set an “overweight” rating on the stock. Finally, Zacks Research downgraded Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Nineteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.04.

Insider Buying and Selling

In other news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $104.00, for a total transaction of $231,816.00. Following the completion of the transaction, the chief executive officer owned 77,364 shares of the company’s stock, valued at $8,045,856. This represents a 2.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 6,687 shares of company stock valued at $679,033. 0.03% of the stock is owned by insiders.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks reported fiscal Q3 adjusted EPS of $0.85, well above the $0.66 consensus estimate, while revenue of $9.32 billion also exceeded expectations. Global comparable-store sales increased 7.9%, driven primarily by a 4.2% increase in transactions, signaling that stronger traffic—not just higher prices—is supporting the recovery. Starbucks Reports Q3 Fiscal Year 2026 Results
• Positive Sentiment: Management raised fiscal 2026 adjusted EPS guidance to $2.55–$2.65 from $2.25–$2.45 and expects approximately 6% global comparable-sales growth for the full year. Investors viewed the guidance increase as evidence that faster service, store improvements, refreshed products and a more welcoming café experience are beginning to produce measurable results. Starbucks Raised Full-Year Profit Guidance
• Positive Sentiment: Several analysts raised their targets or reaffirmed bullish ratings following the results. Wells Fargo raised its target to $125, while Morgan Stanley set $115 and TD Cowen maintained a Buy rating with a $120 target. BTIG also reaffirmed Buy with a $115 target. Starbucks Stock Trading Near 52-Week High
• Neutral Sentiment: Starbucks is testing carbonated versions of its Refreshers in select markets, expanding its non-coffee beverage lineup aimed at younger consumers. The initiative could support traffic and product momentum, but its financial impact remains unproven. Starbucks Tests Carbonated Refreshers
• Negative Sentiment: Despite the operational improvement, revenue declined 1.4% year over year, partly reflecting the restructuring of Starbucks’ China operations into a licensed joint venture. The shares also trade at a relatively demanding valuation, with a reported P/E above 60, prompting some investors to question whether much of the turnaround is already priced in.
• Negative Sentiment: Analyst opinion is not uniformly bullish: BNP Paribas Exane maintained an Underperform rating despite raising its target to $92, while Wolfe Research kept a Hold rating, citing full valuation and reliance on operationally driven comparable-sales gains. Recent insider activity also showed sales without reported purchases, though such transactions may not necessarily reflect management’s outlook.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new position in shares of Starbucks in the 3rd quarter worth about $27,000. Kelleher Financial Advisors acquired a new stake in Starbucks during the 3rd quarter worth approximately $27,000. Wealth Watch Advisors INC purchased a new position in Starbucks in the third quarter valued at approximately $34,000. Acumen Wealth Advisors LLC purchased a new position in Starbucks in the fourth quarter valued at approximately $37,000. Finally, Advocate Investing Services LLC acquired a new position in Starbucks during the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

About Starbucks

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.