Starbucks (NASDAQ:SBUX) Issues FY 2026 Earnings Guidance

Starbucks (NASDAQ:SBUX) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share 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 Price Performance

NASDAQ SBUX traded up $1.04 on Wednesday, reaching $104.14. The company had a trading volume of 12,377,837 shares, compared to its average volume of 8,251,375. The firm has a market cap of $118.69 billion, a price-to-earnings ratio of 78.89, a P/E/G ratio of 2.06 and a beta of 0.98. Starbucks has a fifty-two week low of $77.99 and a fifty-two week high of $109.23. The business has a 50 day moving average of $102.20 and a two-hundred day moving average of $98.81.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.20. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The firm had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.17 billion. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, research analysts predict that Starbucks will post 2.41 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, August 14th. This represents a $2.48 annualized dividend and a yield of 2.4%. Starbucks’s dividend payout ratio (DPR) is presently 187.88%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SBUX shares. BNP Paribas Exane started coverage on shares of Starbucks in a research note on Thursday, May 14th. They issued an “underperform” rating on the stock. Scotiabank cut shares of Starbucks from a “market perform” rating to an “underperform” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. increased their price target on Starbucks from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. BTIG Research lowered Starbucks from a “buy” rating to a “neutral” rating in a research report on Thursday, May 14th. Finally, Robert W. Baird boosted their price objective on Starbucks from $112.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Nineteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned 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 price target of $109.42.

Insider Buying and Selling

In related news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $104.00, for a total transaction of $231,816.00. Following the transaction, the chief executive officer directly owned 77,364 shares of the company’s stock, valued at approximately $8,045,856. This represents a 2.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 6,687 shares of company stock valued at $679,033. Insiders own 0.03% of the company’s stock.

Starbucks News Summary

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Global comparable-store sales increased 7.9%, driven primarily by a 4.2% rise in comparable transactions. North American revenue grew 7% to $7.4 billion, indicating that demand is strengthening despite cautious consumer spending. Starbucks Reports Q3 Fiscal Year 2026 Results
• Positive Sentiment: Starbucks reported adjusted EPS of $0.85, versus the $0.65 analyst consensus, while revenue of $9.32 billion exceeded expectations of approximately $9.17 billion. GAAP EPS rose 86% to $0.91. Starbucks beats quarterly sales estimates
• Positive Sentiment: Management raised fiscal 2026 EPS guidance to $2.55–$2.65, above the roughly $2.39 consensus estimate. International margins also widened sharply, helping offset pressure from lower revenue following the China transaction. SBUX Earnings: Starbucks’ Stock Rises on Beat-and-Raise Quarter
• Positive Sentiment: More cafe labor, improved scheduling and faster service appear to be contributing to the recovery. Starbucks is now focusing on ensuring that popular food items remain available, which could support additional sales if execution improves. Starbucks’ Next Challenge
• Neutral Sentiment: The turnaround is gaining measurable traction, but the stock’s valuation remains demanding, with a high earnings multiple. Investors will likely require continued comparable-sales growth and margin improvement to support further gains.
• Negative Sentiment: Execution risks remain around food availability, labor costs and the company’s ability to sustain its dividend while funding the turnaround. Broader uncertainty surrounding interest rates and consumer spending could also limit near-term upside.

Hedge Funds Weigh In On Starbucks

Institutional investors have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its position in Starbucks by 18.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,909,214 shares of the coffee company’s stock valued at $1,171,295,000 after purchasing an additional 2,186,907 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Starbucks by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,443,155 shares of the coffee company’s stock valued at $710,999,000 after buying an additional 104,885 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of Starbucks by 146.6% in the second 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 in the last quarter. Amundi grew its holdings in shares of Starbucks by 57.1% during the fourth quarter. Amundi now owns 4,532,627 shares of the coffee company’s stock valued at $381,693,000 after buying an additional 1,647,292 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of Starbucks by 1.6% during the third quarter. Raymond James Financial Inc. now owns 3,855,512 shares of the coffee company’s stock valued at $326,177,000 after buying an additional 59,289 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Company Profile

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.