{"symbol":"SBUX","fiscalQuarter":"Q3-2026","reportDate":"2026-07-28","reportTime":"AMC","status":"upcoming","company":{"name":"Starbucks Corporation","sector":"Consumer Discretionary","industry":"Restaurants"},"tier":"free","webUrl":"https://earningsnxt.ai/ticker/SBUX/earnings/Q3-2026","preBrief":{"companySnapshot":"Starbucks Corporation (SBUX) is a leading coffeehouse chain known for its specialty coffee drinks and a strong global brand presence. As a key player in the consumer discretionary sector, it reflects trends in consumer spending and preferences, especially in the food and beverage industry.","keyMetrics":[{"name":"Same-Store Sales Growth","why":"This metric indicates how well existing stores are performing and can reflect consumer demand and loyalty.","consensus":"5.0%"},{"name":"Total Revenue","why":"Revenue growth is crucial for assessing the company's overall performance and ability to expand its market share.","consensus":"$8.5B"},{"name":"Operating Margin","why":"Operating margin provides insight into the company's efficiency and profitability, which is vital in a competitive market.","consensus":"15.5%"}],"lastQuarterRecap":{"summary":"In Q2 2026, Starbucks reported an earnings per share (EPS) of $0.50, exceeding expectations by 14.16%. However, the stock saw a slight decline the following day, indicating mixed investor sentiment.","promises":["Focus on expanding digital sales channels.","Commitment to sustainability initiatives.","Plans to open new stores in key markets."]},"wallStreetExpectations":{"summary":"Overall, Wall Street is cautiously optimistic about Starbucks' upcoming earnings, expecting steady growth in sales and profitability. However, concerns about rising costs and competition may temper enthusiasm.","bullCase":"If Starbucks can demonstrate strong same-store sales growth and effective cost management, it could see a positive reaction from investors, reinforcing its market position.","bearCase":"Conversely, if the company reports disappointing sales figures or rising operational costs, it may lead to a negative reassessment of its growth prospects."},"optionsSignal":{"impliedMove":"4.5%","context":"The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement."},"earningsTrackRecord":[{"quarter":"Q2-2026","epsSurprise":"+14.16%","reaction":"-0.62%"},{"quarter":"Q1-2026","epsSurprise":"-2.95%","reaction":"-0.59%"},{"quarter":"Q4-2025","epsSurprise":"-5.63%","reaction":"-1.47%"},{"quarter":"Q3-2025","epsSurprise":"-26.25%","reaction":"-0.76%"},{"quarter":"Q2-2025","epsSurprise":"-15.98%","reaction":"+1.13%"}],"pivotalQuestions":[{"question":"What will the same-store sales growth be this quarter?","whyItMatters":"This figure is critical for understanding consumer demand and the effectiveness of Starbucks' marketing strategies."},{"question":"How will operating margins be impacted by rising costs?","whyItMatters":"Investors will closely watch this to gauge the company's ability to maintain profitability amid inflationary pressures."}],"thesisBreakLevels":{"bullTrigger":"Same-store sales growth of 5.5% or higher would confirm strong consumer demand and effective marketing.","bearTrigger":"Same-store sales growth below 4.0% would raise concerns about weakening demand and competitive pressures.","context":"The core debate this quarter centers around consumer spending trends and how they affect Starbucks' sales and profitability."},"scenarioPlaybook":{"beatAndRaise":"If Starbucks beats expectations, history suggests the stock could rise by around 2.25% on the day, confirming strong operational performance.","inLineCautious":"If results are in line with expectations but management is cautious, the stock may see a muted reaction as investors reassess growth prospects.","miss":"Should the company miss expectations, history indicates a potential decline of about 0.14%, reflecting investor disappointment."},"whatTheStreetIsMissing":{"thesis":"The Street may be underestimating the impact of Starbucks' digital sales initiatives, which could drive higher revenue growth than expected this quarter.","supportingPoints":["Recent trends show increased consumer preference for online ordering and delivery.","Starbucks has been investing heavily in its app and digital marketing strategies.","The company's expansion into new markets may not be fully reflected in current revenue estimates."],"riskToConsensus":"If same-store sales growth exceeds 5.5%, it could significantly shift the market's perception of Starbucks' growth potential."},"whatToListenFor":["Updates on digital sales growth and customer engagement metrics.","Any commentary on supply chain challenges and cost management strategies.","Insights into customer preferences and trends in beverage sales.","Details on new store openings and market expansion plans.","Management's outlook on the competitive landscape and pricing strategies."],"metaDescription":"Starbucks (SBUX) reports Q3 2026 earnings July 28. Analysts expect strong same-store sales growth amid rising costs."}}