Starbucks (NASDAQ:SBUX) Issues FY 2026 Earnings Guidance

Starbucks (NASDAQ:SBUX) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 2.150-2.400 for the period, compared to the consensus EPS estimate of 2.340. The company issued revenue guidance of -.

Starbucks Stock Down 1.3%

Starbucks stock opened at $93.88 on Friday. The stock has a market cap of $106.75 billion, a PE ratio of 77.59, a P/E/G ratio of 1.98 and a beta of 0.97. Starbucks has a 12-month low of $75.50 and a 12-month high of $117.46. The business’s 50-day moving average price is $87.96 and its two-hundred day moving average price is $87.17.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.03). The company had revenue of $9.92 billion for the quarter, compared to the consensus estimate of $9.62 billion. Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, analysts expect that Starbucks will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, February 13th. Starbucks’s dividend payout ratio is presently 151.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded Starbucks from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Evercore ISI reissued an “outperform” rating on shares of Starbucks in a research note on Wednesday. TD Cowen reaffirmed a “hold” rating and issued a $89.00 price objective (up previously from $84.00) on shares of Starbucks in a research note on Friday. Wells Fargo & Company set a $110.00 price objective on shares of Starbucks in a report on Wednesday. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $105.00 target price on shares of Starbucks in a report on Thursday. Nineteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.56.

Insiders Place Their Bets

In other Starbucks news, Director Jorgen Vig Knudstorp purchased 11,700 shares of the company’s stock in a transaction on Monday, November 10th. The shares were purchased at an average cost of $85.00 per share, with a total value of $994,500.00. Following the completion of the purchase, the director owned 53,096 shares in the company, valued at $4,513,160. This represents a 28.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Q1 revenue beat and traffic recovery — Starbucks reported $9.92B in revenue and posted its first U.S. transaction growth in two years with +4% comparable-store sales, giving tangible evidence the “Back to Starbucks” turnaround is working. Starbucks Gets a Jolt After Earnings, But Will the Buzz Last?
• Positive Sentiment: Rebuilt loyalty program to drive visits — Management unveiled a three-tier U.S. Rewards program (Green/Gold/Reserve) launching March 10 to increase frequency and personalization, a direct lever to lift traffic and AOV. Starbucks Unveils Reimagined Loyalty Program
• Positive Sentiment: Aggressive store growth & cost-saving store design — Investor Day outlined plans for ~2,000 new stores through FY2028 (including 400 company-operated U.S. locations) and a lower-cost “Ristretto” store format that cuts construction costs ~20%, supporting revenue runway and unit economics. Starbucks Targets 2,000 New Stores as Analyst Lifts Price Target
• Positive Sentiment: Digital, AI and store redesign initiatives — Management emphasized AI-powered personalization, digital platforms and redesigned cafes to reduce friction and boost throughput, which could expand margins if execution continues. Starbucks Is Back, Turning Momentum Into Long-Term, Sustainable Growth
• Neutral Sentiment: FY2028 EPS range updated — Starbucks set FY2028 EPS guidance at $3.350–$4.000 (consensus ~3.78). The range shows progress but leaves ambiguity on margin recovery timing. Investor Day Transcript
• Neutral Sentiment: Analyst positioning mixed — Several firms reaffirmed buy/outperform or adjusted targets (RBC/BTIG mentions) while others cite full valuation; market reaction reflects both optimism and caution. Analyst Notes and Price Targets
• Negative Sentiment: EPS miss and margin pressure — Q1 EPS of $0.56 missed estimates and management flagged margin pressure as investments and higher input/labor costs compress near-term profitability. Starbucks Misses Q1 Earnings Estimates
• Negative Sentiment: Legal/investigation overhang — Shareholder law firms (Halper Sadeh, Johnson Fistel) have launched probes into directors/officers, creating potential legal and distraction risk. Halper Sadeh Investigation
• Negative Sentiment: Store-count vs. comp-sales debate — Critics warn that opening many new locations won’t help if legacy store traffic continues to erode; investors will watch U.S. comp trends closely. Why New Stores Don’t Matter If Old Ones Are Dying

Hedge Funds Weigh In On Starbucks

Several institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC grew its stake in shares of Starbucks by 146.6% in the 2nd quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock valued at $553,201,000 after buying an additional 3,596,014 shares during the period. Sei Investments Co. boosted its holdings in Starbucks by 195.1% in the second quarter. Sei Investments Co. now owns 820,698 shares of the coffee company’s stock worth $75,200,000 after acquiring an additional 542,586 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Starbucks by 50.2% in the second quarter. Canada Pension Plan Investment Board now owns 1,250,567 shares of the coffee company’s stock worth $114,589,000 after acquiring an additional 417,815 shares in the last quarter. Armistice Capital LLC acquired a new stake in Starbucks in the third quarter valued at approximately $30,127,000. Finally, Raymond James Financial Inc. increased its holdings in shares of Starbucks by 9.3% during the second quarter. Raymond James Financial Inc. now owns 3,796,223 shares of the coffee company’s stock valued at $347,848,000 after acquiring an additional 321,766 shares in the last quarter. 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.