Equity Profile

SBUX

Starbucks Corporation

Consumer DiscretionaryRestaurants$123.2B

Apr28Tue

Post-Earnings Recap

ReportedQ2-2026After Close4:05 PM EDT

Starbucks Beats on EPS, Stock Down 0.62%

Metric	Actual	Expected	Surprise
EPS	$0.50	$0.44	+14.16%
Revenue	N/A	$9.2B	N/A

management commentary, guidance changes, and full analysis available with Pro.

Starbucks Beats on EPS, Stock Down 0.62%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.50	$0.44	+14.16%
Revenue	N/A	$9.2B	N/A

Management Commentary

Tone: Cautiously Optimistic

Management expressed satisfaction with the EPS beat, highlighting ongoing efforts to improve customer experience. However, they did not provide specific guidance for future quarters.

We are pleased with our EPS performance this quarter.

Our focus remains on enhancing customer experience and driving growth.

What It Means

Starbucks reported better-than-expected earnings per share, which indicates strong profitability despite not disclosing revenue figures. The stock reacted negatively, declining by 0.62%, possibly due to the lack of revenue data and future guidance. Investors may be cautious as they await more information on the company's growth trajectory.

Company Snapshot

Starbucks Corporation (SBUX) is a leading coffeehouse chain known for its specialty coffee and beverages. As a major player in the consumer discretionary sector, it reflects trends in consumer spending and preferences, particularly in the restaurant industry.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

0.44

Revenue

Revenue growth is crucial for understanding the company's ability to attract and retain customers, especially in a competitive market.

9.2B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-3.96%

Avg Stock Reaction

-0.13%

Last Quarter Recap

In Q1-2026, Starbucks reported an EPS of $0.56, slightly missing expectations of $0.58. The stock reacted negatively, dropping 0.59% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Starbucks' upcoming earnings, with expectations for steady revenue and EPS growth. However, recent performance has raised concerns about the company's ability to meet these targets.

Bull Case

If Starbucks can exceed the EPS estimate of $0.44, it may signal strong customer demand and effective cost management, leading to a positive market reaction.

Bear Case

Conversely, if the company falls short of expectations again, it could indicate ongoing challenges in the competitive landscape, leading to further stock declines.

Key Metrics to Watch

Earnings Per Share (EPS)

0.44

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

Revenue

9.2B

Revenue growth is crucial for understanding the company's ability to attract and retain customers, especially in a competitive market.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Starbucks achieve an EPS of at least $0.44 this quarter?

Meeting or exceeding this EPS target could restore investor confidence after recent misses.

What commentary will management provide on revenue growth and customer traffic?

Insights into customer trends will be critical for understanding the company's performance in a competitive environment.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of seasonal promotions and new product launches, which could drive higher customer traffic and sales.

Supporting Evidence

Starbucks has a history of strong seasonal sales that may not be fully reflected in current estimates.

Recent marketing campaigns have shown positive early results, suggesting potential upside.

Options pricing indicates a higher-than-average expected move, hinting at greater volatility that could favor a positive surprise.

Key Risk

If customer traffic significantly increases, it could lead to revenue exceeding the $9.2B consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it follows several earnings misses, and investor sentiment is sensitive to any signs of recovery.

Bull Confirmed If

An EPS of $0.44 or higher would confirm the bull case, indicating strong customer demand.

Bear Confirmed If

An EPS below $0.39 would confirm the bear case, suggesting ongoing challenges in maintaining profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±7.02%

Historical Avg

±0.8%

Pricing rich

The options market is pricing in a significant move, suggesting that investors are anticipating volatility around the earnings announcement.

Options are pricing ±6.5% while SBUX has averaged ±0.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

34.4%

Calls (1.1M)P/C Ratio: 1.36Puts (1.5M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Starbucks beats expectations, history suggests the stock could rise by around 0.16%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline of about 0.09%, reinforcing concerns about the company's competitive position.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

Senate only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

R-INJames BanksSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on customer traffic trends and how they compare to last year.
2Details on the impact of new product launches on sales.
3Management's outlook on cost pressures and pricing strategies.
4Any commentary on international market performance, especially in key regions.
5Insights into the effectiveness of marketing campaigns and promotions.

See the full picture

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

0.44

Revenue

Revenue growth is crucial for understanding the company's ability to attract and retain customers, especially in a competitive market.

9.2B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-3.96%

Avg Stock Reaction

-0.13%

Last Quarter Recap

In Q1-2026, Starbucks reported an EPS of $0.56, slightly missing expectations of $0.58. The stock reacted negatively, dropping 0.59% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Starbucks can exceed the EPS estimate of $0.44, it may signal strong customer demand and effective cost management, leading to a positive market reaction.

Bear Case

Conversely, if the company falls short of expectations again, it could indicate ongoing challenges in the competitive landscape, leading to further stock declines.

Key Metrics to Watch

Earnings Per Share (EPS)

0.44

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

Revenue

9.2B

Revenue growth is crucial for understanding the company's ability to attract and retain customers, especially in a competitive market.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Starbucks achieve an EPS of at least $0.44 this quarter?

Meeting or exceeding this EPS target could restore investor confidence after recent misses.

What commentary will management provide on revenue growth and customer traffic?

Insights into customer trends will be critical for understanding the company's performance in a competitive environment.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of seasonal promotions and new product launches, which could drive higher customer traffic and sales.

Supporting Evidence

Starbucks has a history of strong seasonal sales that may not be fully reflected in current estimates.

Recent marketing campaigns have shown positive early results, suggesting potential upside.

Options pricing indicates a higher-than-average expected move, hinting at greater volatility that could favor a positive surprise.

Key Risk

If customer traffic significantly increases, it could lead to revenue exceeding the $9.2B consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it follows several earnings misses, and investor sentiment is sensitive to any signs of recovery.

Bull Confirmed If

An EPS of $0.44 or higher would confirm the bull case, indicating strong customer demand.

Bear Confirmed If

An EPS below $0.39 would confirm the bear case, suggesting ongoing challenges in maintaining profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±7.02%

Historical Avg

±0.8%

Pricing rich

The options market is pricing in a significant move, suggesting that investors are anticipating volatility around the earnings announcement.

Options are pricing ±6.5% while SBUX has averaged ±0.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

34.4%

Calls (1.1M)P/C Ratio: 1.36Puts (1.5M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Starbucks beats expectations, history suggests the stock could rise by around 0.16%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline of about 0.09%, reinforcing concerns about the company's competitive position.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

Senate only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

R-INJames BanksSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on customer traffic trends and how they compare to last year.
2Details on the impact of new product launches on sales.
3Management's outlook on cost pressures and pricing strategies.
4Any commentary on international market performance, especially in key regions.
5Insights into the effectiveness of marketing campaigns and promotions.