Starbucks (SBUX)
Market Price (7/2/2026): $103.0 | Market Cap: $117.4 BilInvestor Relations Sector: Consumer Discretionary | Industry: Restaurants
Starbucks (SBUX)
Market Price (7/2/2026): $103.0Market Cap: $117.4 BilSector: Consumer DiscretionaryIndustry: Restaurants
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%, CFO LTM is 4.3 Bil, FCF LTM is 2.7 Bil Attractive yieldDividend Yield is 2.4% Stock buyback supportStock Buyback 3Y Total is 1.8 Bil Low stock price volatilityVol 12M is 29% Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, E-commerce & Digital Retail, Fintech & Digital Payments, Vegan & Alternative Foods, Show more. | Trading close to highsDist 52W High is -3.2% Weak multi-year price returns3Y Excs Rtn is -59% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 39x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 27x, P/EPrice/Earnings or Price/(Net Income) is 79x Key risksSBUX key risks include [1] declining same-store sales due to intensified competition and shifting consumer preferences, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%, CFO LTM is 4.3 Bil, FCF LTM is 2.7 Bil |
| Attractive yieldDividend Yield is 2.4% |
| Stock buyback supportStock Buyback 3Y Total is 1.8 Bil |
| Low stock price volatilityVol 12M is 29% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, E-commerce & Digital Retail, Fintech & Digital Payments, Vegan & Alternative Foods, Show more. |
| Trading close to highsDist 52W High is -3.2% |
| Weak multi-year price returns3Y Excs Rtn is -59% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 39x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 27x, P/EPrice/Earnings or Price/(Net Income) is 79x |
| Key risksSBUX key risks include [1] declining same-store sales due to intensified competition and shifting consumer preferences, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Starbucks (SBUX) stock has gained about 15% since 3/31/2026 because of the following key factors:
1. Starbucks delivered a strong performance in its fiscal Q2 2026, surpassing earnings and revenue expectations and raising its full-year guidance. The company reported non-GAAP earnings per share (EPS) of $0.50 on April 28, 2026, which beat analysts' consensus estimates of $0.44 by 13.64%. Quarterly revenue for fiscal Q2 2026 increased by 8.8% year-over-year to $9.53 billion, exceeding analyst estimates of $9.17 billion. Following these results, Starbucks raised its fiscal year 2026 guidance for global comparable store sales growth to "5% or better" and non-GAAP EPS to a range of $2.25 to $2.45.
2. The company experienced robust North America comparable store sales driven by significant transaction growth. A key highlight of the fiscal Q2 2026 results was a 7.1% increase in North America comparable store sales, largely attributed to a 4.4% increase in comparable transactions. This marked the strongest U.S. transaction growth in three years, signaling the effectiveness of the "Back to Starbucks" strategy in driving genuine customer traffic rather than relying solely on price increases. This contributed to the first simultaneous top and bottom-line growth in over two years.
Show more
Starbucks (SBUX) stock has gained about 15% since 3/31/2026 because of the following key factors:
1. Starbucks delivered a strong performance in its fiscal Q2 2026, surpassing earnings and revenue expectations and raising its full-year guidance. The company reported non-GAAP earnings per share (EPS) of $0.50 on April 28, 2026, which beat analysts' consensus estimates of $0.44 by 13.64%. Quarterly revenue for fiscal Q2 2026 increased by 8.8% year-over-year to $9.53 billion, exceeding analyst estimates of $9.17 billion. Following these results, Starbucks raised its fiscal year 2026 guidance for global comparable store sales growth to "5% or better" and non-GAAP EPS to a range of $2.25 to $2.45.
2. The company experienced robust North America comparable store sales driven by significant transaction growth. A key highlight of the fiscal Q2 2026 results was a 7.1% increase in North America comparable store sales, largely attributed to a 4.4% increase in comparable transactions. This marked the strongest U.S. transaction growth in three years, signaling the effectiveness of the "Back to Starbucks" strategy in driving genuine customer traffic rather than relying solely on price increases. This contributed to the first simultaneous top and bottom-line growth in over two years.
3. Positive market sentiment and analyst actions followed the encouraging financial report. Following the release of the strong fiscal Q2 2026 earnings, Starbucks' stock rallied, experiencing an 8.45% jump on April 28, 2026. This performance prompted several Wall Street firms to raise their price targets for the stock. Notably, TD Cowen upgraded Starbucks to a "Buy" rating from "Hold" on May 14, 2026, and increased its price target from $106.00 to $120.00. The consensus rating from 31 analysts subsequently shifted to a "Moderate Buy."
4. Management outlined an ambitious long-term strategic plan for significant unit expansion. During the Evercore Consumer and Retail Conference in early June 2026, CEO Brian Niccol articulated a bold vision for Starbucks' future growth. He stated the company believes it can add 10,000 new stores in the United States alone and aims to double its international store base. This aggressive long-term unit growth strategy, extending beyond the current turnaround efforts, likely instilled greater investor confidence in the company's sustained expansion potential.
Show less
Stock Movement Drivers
Fundamental Drivers
The 16.1% change in SBUX stock from 3/31/2026 to 7/1/2026 was primarily driven by a 7.1% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 7012026 | Change |
|---|---|---|---|
| Stock Price ($) | 89.07 | 103.39 | 16.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 37,702 | 38,472 | 2.0% |
| Net Income Margin (%) | 3.6% | 3.9% | 7.1% |
| P/E Multiple | 74.0 | 78.8 | 6.4% |
| Shares Outstanding (Mil) | 1,138 | 1,139 | -0.1% |
| Cumulative Contribution | 16.1% |
Market Drivers
3/31/2026 to 7/1/2026| Return | Correlation | |
|---|---|---|
| SBUX | 16.1% | |
| Market (SPY) | 14.7% | 4.8% |
| Sector (XLY) | 8.4% | 23.2% |
Fundamental Drivers
The 24.3% change in SBUX stock from 12/31/2025 to 7/1/2026 was primarily driven by a 54.6% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 7012026 | Change |
|---|---|---|---|
| Stock Price ($) | 83.18 | 103.39 | 24.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 37,184 | 38,472 | 3.5% |
| Net Income Margin (%) | 5.0% | 3.9% | -22.1% |
| P/E Multiple | 50.9 | 78.8 | 54.6% |
| Shares Outstanding (Mil) | 1,137 | 1,139 | -0.2% |
| Cumulative Contribution | 24.3% |
Market Drivers
12/31/2025 to 7/1/2026| Return | Correlation | |
|---|---|---|
| SBUX | 24.3% | |
| Market (SPY) | 9.7% | 31.4% |
| Sector (XLY) | -0.9% | 39.2% |
Fundamental Drivers
The 15.8% change in SBUX stock from 6/30/2025 to 7/1/2026 was primarily driven by a 143.0% change in the company's P/E Multiple.| (LTM values as of) | 6302025 | 7012026 | Change |
|---|---|---|---|
| Stock Price ($) | 89.27 | 103.39 | 15.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 36,347 | 38,472 | 5.8% |
| Net Income Margin (%) | 8.6% | 3.9% | -54.8% |
| P/E Multiple | 32.4 | 78.8 | 143.0% |
| Shares Outstanding (Mil) | 1,136 | 1,139 | -0.3% |
| Cumulative Contribution | 15.8% |
Market Drivers
6/30/2025 to 7/1/2026| Return | Correlation | |
|---|---|---|
| SBUX | 15.8% | |
| Market (SPY) | 21.7% | 28.7% |
| Sector (XLY) | 9.3% | 35.6% |
Fundamental Drivers
The 12.5% change in SBUX stock from 6/30/2023 to 7/1/2026 was primarily driven by a 165.3% change in the company's P/E Multiple.| (LTM values as of) | 6302023 | 7012026 | Change |
|---|---|---|---|
| Stock Price ($) | 91.90 | 103.39 | 12.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 33,998 | 38,472 | 13.2% |
| Net Income Margin (%) | 10.5% | 3.9% | -62.8% |
| P/E Multiple | 29.7 | 78.8 | 165.3% |
| Shares Outstanding (Mil) | 1,148 | 1,139 | 0.8% |
| Cumulative Contribution | 12.5% |
Market Drivers
6/30/2023 to 7/1/2026| Return | Correlation | |
|---|---|---|
| SBUX | 12.5% | |
| Market (SPY) | 74.2% | 41.9% |
| Sector (XLY) | 42.2% | 42.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SBUX Return | 11% | -13% | -1% | -2% | -5% | 23% | 9% |
| Peers Return | 23% | -8% | 10% | 11% | 8% | 8% | 62% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| SBUX Win Rate | 50% | 42% | 58% | 50% | 42% | 67% | |
| Peers Win Rate | 55% | 43% | 52% | 48% | 55% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SBUX Max Drawdown | -16% | -40% | -21% | -25% | -31% | -15% | |
| Peers Max Drawdown | -12% | -27% | -24% | -19% | -22% | -18% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MCD, QSR, BROS, KDP, YUM. See SBUX Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/1/2026 (YTD)
How Low Can It Go
| Event | SBUX | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -12.6% | -9.5% |
| % Gain to Breakeven | 14.4% | 10.5% |
| Time to Breakeven | 31 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -11.1% | -6.7% |
| % Gain to Breakeven | 12.4% | 7.1% |
| Time to Breakeven | 132 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -39.7% | -24.5% |
| % Gain to Breakeven | 65.7% | 32.4% |
| Time to Breakeven | 351 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.5% | -33.7% |
| % Gain to Breakeven | 60.0% | 50.9% |
| Time to Breakeven | 204 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -12.8% | -12.2% |
| % Gain to Breakeven | 14.7% | 13.9% |
| Time to Breakeven | 30 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -15.3% | -17.9% |
| % Gain to Breakeven | 18.1% | 21.8% |
| Time to Breakeven | 42 days | 123 days |
In The Past
Starbucks's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | SBUX | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -39.7% | -24.5% |
| % Gain to Breakeven | 65.7% | 32.4% |
| Time to Breakeven | 351 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.5% | -33.7% |
| % Gain to Breakeven | 60.0% | 50.9% |
| Time to Breakeven | 204 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -65.6% | -53.4% |
| % Gain to Breakeven | 190.4% | 114.4% |
| Time to Breakeven | 333 days | 1085 days |
In The Past
Starbucks's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Starbucks (SBUX)
Starbucks Corporation (SBUX) is a prominent global player in the specialty coffee industry, operating as a roaster, marketer, and retailer worldwide. The company achieves its extensive reach through a vast network of both company-operated and licensed stores, which are categorized into North America and International segments. Starbucks also significantly expands its presence by licensing its trademarks to various partners, including grocery and foodservice accounts.
The company's primary products and services revolve around a comprehensive selection of coffee and tea beverages, alongside a range of coffee products such as roasted whole beans, ground coffees, single-serve items, and ready-to-drink options. Beyond beverages, Starbucks offers a variety of food items, including pastries, breakfast sandwiches, and lunch selections. Its brand portfolio encompasses Starbucks, Teavana, Seattle's Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve, and Princi.
Starbucks primarily serves consumers across North America and international markets through its extensive network of physical stores. Its primary customers include individuals seeking premium coffee and food experiences, whether in-store or through convenient grab-and-go options. Additionally, through its licensing agreements, Starbucks reaches a broad customer base in grocery stores and foodservice venues, making its products accessible for enjoyment at home or in other settings.
AI Analysis | Feedback
1. The McDonald's of coffee
2. The Coca-Cola of coffee
AI Analysis | Feedback
- Coffee and Tea Beverages: A wide variety of hot and cold coffee and tea drinks prepared and served in-store.
- Roasted Whole Bean and Ground Coffees: Packaged coffee beans and ground coffee sold for home preparation.
- Single Serve Products: Coffee and tea products designed for single-cup brewing systems.
- Ready-to-Drink Beverages: Pre-packaged bottled or canned beverages available for immediate consumption.
- Food Products: A selection of pastries, breakfast sandwiches, lunch items, and other prepared foods.
- Trademark Licensing: The granting of rights to use Starbucks' brands and intellectual property to third parties for operating licensed stores or selling products in other channels.
AI Analysis | Feedback
Starbucks (SBUX) primarily sells its products and services directly to individual consumers through its extensive network of company-operated and licensed stores, as well as through various retail channels.
The company serves several categories of individual customers, including:
- Daily Commuters and Regulars: These customers frequently visit Starbucks locations as part of their daily routine, often for morning coffee, breakfast, or an afternoon break. They value convenience, consistency, and the familiarity of the Starbucks experience.
- Socializers and Leisure Seekers: This category includes individuals who use Starbucks as a meeting point for social gatherings, casual business meetings, or as a third place for relaxation, studying, or working outside of home or the office. They appreciate the ambiance, free Wi-Fi, and variety of beverage and food options.
- Convenience-Oriented Consumers: Customers who purchase Starbucks branded products (e.g., bottled ready-to-drink beverages, packaged whole bean or ground coffee, single-serve pods) from grocery stores, convenience stores, airports, or other retail outlets. These consumers seek the Starbucks brand and quality for at-home consumption or on-the-go convenience outside of a traditional Starbucks cafe.
AI Analysis | Feedback
AI Analysis | Feedback
Brian Niccol, Chairman and Chief Executive Officer
Brian Niccol was appointed Chairman and CEO of Starbucks, effective September 9, 2024. Prior to joining Starbucks, he served as Chairman and CEO of Chipotle Mexican Grill until August 31, 2024. He also held leadership positions at Taco Bell as Chief Marketing and Innovation Officer from 2011 to 2018, and earlier in his career, worked in brand management at Procter & Gamble and Yum! Brands, including Pizza Hut. Niccol is known for leading successful turnarounds at Taco Bell and Chipotle.
Cathy Smith, Executive Vice President and Chief Financial Officer
Cathy Smith was appointed Executive Vice President and Chief Financial Officer of Starbucks, effective March 4, 2025. Before joining Starbucks, she served as CFO and Treasurer at Nordstrom since 2023. Her extensive experience includes CFO roles at Bright Health, Target, Express Scripts, Walmart International, and GameStop, with her longest role being at Raytheon.
Brady Brewer, Chief Executive Officer, Starbucks International
Mike Grams, Executive Vice President, Chief Operating Officer
Sara Kelly, Executive Vice President, Chief Partner Officer
AI Analysis | Feedback
Key Risks to Starbucks (SBUX)
-
Labor Disputes and Relations: Starbucks faces significant financial and reputational risks stemming from ongoing labor disputes, unionization efforts, strikes, and legal liabilities related to labor practices. Proxy advisory firms have warned shareholders about potential neglect of these risks and questioned the adequacy of board oversight in managing labor relations. The company has incurred substantial settlements, such as $38.9 million for scheduling violations in New York, and continues to experience work stoppages and legal challenges from unionization, which has expanded to over 350 locations since late 2021.
-
Supply Chain Disruptions and Inefficiencies: Starbucks is grappling with persistent and deeply rooted supply chain problems that have impacted the company across multiple CEO tenures. These issues include outdated technology, a fragmented vendor network, inaccurate demand forecasting, and an inability to automate inventory counts, leading to unreliable deliveries, frequent stockouts of essential items, and significant product waste. Such inefficiencies directly affect sales, customer experience, and operational costs, posing a challenge to the company's turnaround strategies.
-
Intense Competition and Changing Consumer Preferences: The coffee market is highly competitive, with Starbucks facing pressure from large chains like Tim Horton's, Dunkin, and Dutch Bros, as well as a growing number of smaller local and artisanal cafes globally. This intense competition can cap sales recovery and constrain pricing power. Additionally, Starbucks must continuously adapt to evolving consumer preferences, including shifts towards health-conscious options and sustainability, to maintain its premium position and customer loyalty. Challenges are particularly pronounced in international markets like China, where local rivals are gaining significant market share and impacting Starbucks' growth.
AI Analysis | Feedback
AI Analysis | Feedback
Starbucks Corporation operates in several large addressable markets for its main products and services globally.
-
Global Coffee Market: The global coffee market size was estimated at USD 249.34 billion in 2025 and is projected to reach USD 380.28 billion by 2033.
-
Global Tea Market: The global tea market size was estimated at USD 69.51 billion in 2025 and is expected to reach USD 115.19 billion by 2033.
-
Global Ready-to-Drink (RTD) Coffee Market: The global ready-to-drink coffee market was valued at USD 28.64 billion in 2024 and is expected to reach USD 46.76 billion by 2032.
-
Global Pastries Market: The global pastries market size was estimated at USD 200.1 billion in 2024 and is projected to grow to USD 314.03 billion by 2035.
-
Global Breakfast Sandwiches Market: The frozen breakfast entrees/sandwiches market size, including breakfast sandwiches, was estimated at USD 13.75 billion in 2024 and is projected to reach USD 26.50 billion by 2032.
-
Global Sandwich Market (for lunch items): The global sandwich market size was valued at USD 165.43 billion in 2025 and is projected to grow to USD 270.77 billion by 2034.
-
Global Food Service Market (overall food and beverage offerings): The global food service market size was valued at USD 3,738.84 billion in 2024 and is projected to grow to USD 6,450.30 billion by 2032.
AI Analysis | Feedback
For Starbucks (SBUX), several key drivers are expected to fuel future revenue growth over the next 2-3 years:
- Global Store Expansion, with a focus on International Markets: Starbucks continues to prioritize opening new stores worldwide, significantly expanding its physical footprint. A major part of this strategy involves increasing its international presence, particularly in markets like China, where the company aims to add a substantial number of new coffeehouses to double its international footprint over time.
- Comparable Store Sales Growth driven by Enhanced Customer Experience and Product Innovation: The company plans to boost comparable store sales through a combination of increased average ticket and higher transaction volumes. This involves strategic pricing, promoting premium beverages and customization options, and introducing new food and beverage items. Efforts to improve in-store operational efficiencies, such as the "Green Apron Service," and effective marketing campaigns are designed to enhance the customer experience and drive traffic.
- Expansion and Engagement of Digital Platforms and the Starbucks Rewards Program: Increasing digital engagement, including mobile ordering and personalized offers, and growing the Starbucks Rewards loyalty program are crucial for driving customer frequency and spend. The active U.S. Starbucks Rewards membership has shown consistent growth.
- Growth in the Channel Development Segment: This segment, which includes the Global Coffee Alliance and ready-to-drink (RTD) products, is expected to contribute to overall revenue growth. While the segment experienced some short-term impact from the sale of Seattle's Best Coffee, it continues to be an important part of Starbucks' diversified revenue streams.
AI Analysis | Feedback
Share Repurchases
- Starbucks announced a $20 billion dividend and share repurchase program for fiscal years 2022-2024, with approximately $13 billion initially earmarked for share buybacks.
- In April 2022, Starbucks suspended its share buyback program.
- The company repurchased $1 billion in shares during fiscal year 2023, and $1.3 billion (12.8 million shares) in fiscal year 2024. No common stock share repurchases were made in fiscal year 2025.
Inbound Investments
- In November 2025, Starbucks formed a joint venture with Boyu Capital for its China retail operations. Boyu Capital acquired a 60% interest in Starbucks' China retail business, based on an enterprise value of approximately $4 billion, with Starbucks retaining a 40% stake.
Capital Expenditures
- Starbucks' capital expenditures averaged $2.146 billion annually from fiscal year 2021 to 2025.
- Capital expenditures were $1.47 billion in fiscal year 2021, $1.841 billion in fiscal year 2022, $2.334 billion in fiscal year 2023, $2.777 billion (peaking) in fiscal year 2024, and $2.305 billion in fiscal year 2025.
- Expected capital expenditures for fiscal year 2026 are projected to be moderately lower than fiscal year 2025, with a primary focus on new and existing stores, the supply chain, and corporate facilities.
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 88.35 |
| Mkt Cap | 45.1 |
| Rev LTM | 13,266 |
| Op Inc LTM | 3,080 |
| FCF LTM | 1,612 |
| FCF 3Y Avg | 1,430 |
| CFO LTM | 2,042 |
| CFO 3Y Avg | 1,853 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.2% |
| Rev Chg 3Y Avg | 6.4% |
| Rev Chg Q | 9.4% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Inc Chg LTM | 7.5% |
| Op Inc Chg 3Y Avg | 6.8% |
| Op Mgn LTM | 24.0% |
| Op Mgn 3Y Avg | 24.7% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 19.3% |
| CFO/Rev 3Y Avg | 18.2% |
| FCF/Rev LTM | 12.8% |
| FCF/Rev 3Y Avg | 12.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 45.1 |
| P/S | 4.2 |
| P/Op Inc | 16.2 |
| P/EBIT | 15.9 |
| P/E | 25.9 |
| P/CFO | 22.1 |
| Total Yield | 5.5% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 3.3% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 8.3% |
| 3M Rtn | 10.3% |
| 6M Rtn | 13.8% |
| 12M Rtn | 9.2% |
| 3Y Rtn | 14.5% |
| 1M Excs Rtn | 9.9% |
| 3M Excs Rtn | -4.4% |
| 6M Excs Rtn | 2.1% |
| 12M Excs Rtn | -11.4% |
| 3Y Excs Rtn | -57.3% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Beverage | 22,540 | 21,884 | 21,685 | 19,555 | 18,317 |
| Other | 7,595 | 7,543 | 7,706 | 6,891 | 5,690 |
| Food | 7,050 | 6,749 | 6,585 | 5,804 | 5,053 |
| Total | 37,184 | 36,176 | 35,976 | 32,250 | 29,061 |
| $ Mil | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|
| Americas | 3,223 | 2,809 | 2,365 | 2,074 | |
| Channel Development | 654 | 557 | 416 | 348 | |
| China /Asia Pacific | 500 | 372 | 321 | ||
| EMEA | 168 | 119 | 64 | ||
| Other | -25 | -27 | -34 | -689 | |
| Unallocated Corporate | -920 | -750 | -3,457 | ||
| China / Asia Pacific | 254 | ||||
| Europe, Middle East, and Africa | 10 | ||||
| CPG | 273 | ||||
| Corporate | -457 | ||||
| International | 350 | ||||
| United States | 1,563 | ||||
| Total | 3,601 | 3,081 | -325 | 1,997 | 1,728 |
| $ Mil | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|
| Americas | 2,727 | 2,521 | 2,323 | 2,199 | |
| China /Asia Pacific | 2,230 | 940 | 805 | ||
| Other | 1,785 | 825 | 821 | 4,807 | |
| EMEA | 749 | 663 | 511 | ||
| Channel Development | 87 | 85 | 89 | 89 | |
| China / Asia Pacific | 657 | ||||
| Europe, Middle East, and Africa | 467 | ||||
| CPG | 55 | ||||
| Corporate | 4,526 | ||||
| International | 1,301 | ||||
| United States | 1,479 | ||||
| Total | 7,579 | 5,034 | 4,549 | 8,219 | 7,360 |
Price Behavior
| Market Price | $103.39 | |
| Market Cap ($ Bil) | 117.8 | |
| First Trading Date | 06/26/1992 | |
| Distance from 52W High | -3.2% | |
| 50 Days | 200 Days | |
| DMA Price | $101.67 | $91.77 |
| DMA Trend | up | up |
| Distance from DMA | 1.7% | 12.7% |
| 3M | 1YR | |
| Volatility | 27.9% | 28.5% |
| Downside Capture | -93.40 | 49.31 |
| Upside Capture | 2.38 | 50.88 |
| Correlation (SPY) | 6.2% | 28.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.23 | -0.18 | 0.24 | 0.67 | 0.66 | 0.90 |
| Up Beta | 1.06 | 1.20 | 1.19 | 1.17 | 0.90 | 1.08 |
| Down Beta | 0.27 | -0.18 | 0.26 | 1.01 | 0.87 | 1.06 |
| Up Capture | -58% | -52% | 14% | 49% | 40% | 33% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 11 | 20 | 32 | 63 | 122 | 367 |
| Down Capture | -92% | -64% | -98% | 19% | 54% | 91% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 10 | 21 | 31 | 62 | 130 | 383 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SBUX | |
|---|---|---|---|---|
| SBUX | 15.9% | 28.6% | 0.51 | - |
| Sector ETF (XLY) | 9.3% | 18.6% | 0.34 | 35.6% |
| Equity (SPY) | 21.8% | 12.5% | 1.30 | 28.7% |
| Gold (GLD) | 21.7% | 27.7% | 0.69 | 7.9% |
| Commodities (DBC) | 21.4% | 18.6% | 0.90 | -2.6% |
| Real Estate (VNQ) | 13.0% | 13.7% | 0.65 | 32.0% |
| Bitcoin (BTCUSD) | -45.0% | 42.6% | -1.28 | 19.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SBUX | |
|---|---|---|---|---|
| SBUX | 0.9% | 31.7% | 0.07 | - |
| Sector ETF (XLY) | 6.9% | 23.9% | 0.25 | 52.6% |
| Equity (SPY) | 13.5% | 17.1% | 0.61 | 52.6% |
| Gold (GLD) | 17.4% | 18.3% | 0.77 | 6.6% |
| Commodities (DBC) | 6.8% | 19.5% | 0.25 | 10.8% |
| Real Estate (VNQ) | 2.8% | 18.8% | 0.05 | 43.5% |
| Bitcoin (BTCUSD) | 11.9% | 53.7% | 0.41 | 20.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SBUX | |
|---|---|---|---|---|
| SBUX | 8.7% | 29.5% | 0.34 | - |
| Sector ETF (XLY) | 12.8% | 22.1% | 0.53 | 60.2% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 60.7% |
| Gold (GLD) | 11.9% | 16.1% | 0.60 | 3.6% |
| Commodities (DBC) | 5.6% | 18.0% | 0.24 | 18.0% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | 52.2% |
| Bitcoin (BTCUSD) | 56.6% | 66.3% | 0.97 | 15.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/28/2026 | 8.4% | 7.9% | 4.2% |
| 1/28/2026 | -0.6% | -2.8% | 3.1% |
| 10/29/2025 | -1.2% | -1.5% | 1.6% |
| 7/29/2025 | -0.2% | -3.0% | -5.1% |
| 4/29/2025 | -5.7% | -2.4% | -0.2% |
| 1/28/2025 | 8.1% | 10.1% | 14.6% |
| 10/30/2024 | 0.4% | -1.3% | 5.9% |
| 7/30/2024 | 2.6% | -0.8% | 26.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 8 | 13 |
| # Negative | 14 | 16 | 11 |
| Median Positive | 6.2% | 5.3% | 7.6% |
| Median Negative | -3.1% | -2.6% | -3.3% |
| Max Positive | 9.8% | 15.0% | 26.3% |
| Max Negative | -15.9% | -18.1% | -14.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/28/2026 | 8.4% | 7.9% | 4.2% |
| 1/28/2026 | -0.6% | -2.8% | 3.1% |
| 10/29/2025 | -1.2% | -1.5% | 1.6% |
| 7/29/2025 | -0.2% | -3.0% | -5.1% |
| 4/29/2025 | -5.7% | -2.4% | -0.2% |
| 1/28/2025 | 8.1% | 10.1% | 14.6% |
| 10/30/2024 | 0.4% | -1.3% | 5.9% |
| 7/30/2024 | 2.6% | -0.8% | 26.3% |
| 4/30/2024 | -15.9% | -18.1% | -10.3% |
| 1/30/2024 | -1.1% | 1.7% | 1.5% |
| 11/2/2023 | 9.5% | 14.2% | 9.2% |
| 8/1/2023 | 0.9% | -0.6% | -1.5% |
| 5/2/2023 | -9.2% | -6.8% | -14.4% |
| 2/2/2023 | -4.4% | -2.4% | -3.3% |
| 11/3/2022 | 8.5% | 15.0% | 23.7% |
| 8/2/2022 | 4.3% | 1.3% | 1.0% |
| 5/3/2022 | 9.8% | -3.3% | 7.6% |
| 2/1/2022 | -1.0% | -3.9% | -6.9% |
| 10/28/2021 | -6.3% | -0.9% | -1.8% |
| 7/27/2021 | -2.9% | -5.5% | -7.9% |
| 4/27/2021 | -3.2% | -1.8% | -2.5% |
| 1/26/2021 | -6.5% | -2.9% | -0.7% |
| 10/29/2020 | -1.5% | 2.6% | 11.5% |
| 7/28/2020 | 3.7% | 0.7% | 11.0% |
| SUMMARY STATS | |||
| # Positive | 10 | 8 | 13 |
| # Negative | 14 | 16 | 11 |
| Median Positive | 6.2% | 5.3% | 7.6% |
| Median Negative | -3.1% | -2.6% | -3.3% |
| Max Positive | 9.8% | 15.0% | 26.3% |
| Max Negative | -15.9% | -18.1% | -14.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/28/2026 | 10-Q |
| 12/31/2025 | 01/28/2026 | 10-Q |
| 09/30/2025 | 11/14/2025 | 10-K |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 01/28/2025 | 10-Q |
| 09/30/2024 | 11/20/2024 | 10-K |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 01/30/2024 | 10-Q |
| 09/30/2023 | 11/17/2023 | 10-K |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/02/2023 | 10-Q |
| 09/30/2022 | 11/18/2022 | 10-K |
| 06/30/2022 | 08/02/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/28/2026 | 10-Q |
| 12/31/2025 | 01/28/2026 | 10-Q |
| 09/30/2025 | 11/14/2025 | 10-K |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 01/28/2025 | 10-Q |
| 09/30/2024 | 11/20/2024 | 10-K |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 01/30/2024 | 10-Q |
| 09/30/2023 | 11/17/2023 | 10-K |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/02/2023 | 10-Q |
| 09/30/2022 | 11/18/2022 | 10-K |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 05/03/2022 | 10-Q |
| 12/31/2021 | 02/01/2022 | 10-Q |
| 09/30/2021 | 11/19/2021 | 10-K |
| 06/30/2021 | 07/27/2021 | 10-Q |
| 03/31/2021 | 04/27/2021 | 10-Q |
| 12/31/2020 | 01/26/2021 | 10-Q |
| 09/30/2020 | 11/12/2020 | 10-K |
| 06/30/2020 | 07/28/2020 | 10-Q |
| 03/31/2020 | 04/28/2020 | 10-Q |
| 12/31/2019 | 01/28/2020 | 10-Q |
| 09/30/2019 | 11/15/2019 | 10-K |
| 06/30/2019 | 07/30/2019 | 10-Q |
Recent Forward Guidance
Updated 5/31/2026Latest: Q2 2026 Earnings Reported 4/28/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Global Comparable Store Sales Growth | 5.0% | 66.7% | 2.0% | Raised | Guidance: 3.0% for 2026 | ||
| 2026 U.S. Comparable Store Sales Growth | 5.0% | 66.7% | 2.0% | Raised | Guidance: 3.0% for 2026 | ||
| 2026 Non-GAAP EPS | 2.25 | 2.35 | 2.45 | 3.3% | Raised | Guidance: 2.27 for 2026 | |
| 2026 Net New Coffeehouses | 600 | 625 | 650 | 0 | Affirmed | Guidance: 625 for 2026 | |
Insider Activity
Updated 6/17/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Brewer, Brady | ceo, International | Direct | Sell | 6152026 | 100.00 | 588 | 58,800 | 7,959,250 | Form |
| 2 | Brewer, Brady | ceo, International | Direct | Sell | 6092026 | 94.33 | 1,641 | 154,796 | 7,563,427 | Form |
| 3 | Brewer, Brady | ceo, International | Direct | Sell | 5072026 | 104.81 | 2,229 | 233,621 | 8,548,147 | Form |
| 4 | Kelly, Sara | evp, chief partner officer | Direct | Sell | 4302026 | 105.00 | 2,000 | 210,000 | 6,053,548 | Form |
| 5 | Brewer, Brady | ceo, International | Direct | Sell | 4212026 | 100.00 | 588 | 58,800 | 8,378,750 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Brewer, Brady | ceo, International | Direct | Sell | 6152026 | 100.00 | 588 | 58,800 | 7,959,250 | Form |
| 2 | Brewer, Brady | ceo, International | Direct | Sell | 6092026 | 94.33 | 1,641 | 154,796 | 7,563,427 | Form |
| 3 | Brewer, Brady | ceo, International | Direct | Sell | 5072026 | 104.81 | 2,229 | 233,621 | 8,548,147 | Form |
| 4 | Kelly, Sara | evp, chief partner officer | Direct | Sell | 4302026 | 105.00 | 2,000 | 210,000 | 6,053,548 | Form |
| 5 | Brewer, Brady | ceo, International | Direct | Sell | 4212026 | 100.00 | 588 | 58,800 | 8,378,750 | Form |
| 6 | Brewer, Brady | ceo, International | Direct | Sell | 4082026 | 90.00 | 1,641 | 147,690 | 7,593,795 | Form |
| 7 | Brewer, Brady | ceo, International | Direct | Sell | 3112026 | 100.00 | 588 | 58,800 | 8,601,650 | Form |
| 8 | Kelly, Sara | evp, chief partner officer | Direct | Sell | 3092026 | 97.12 | 2,500 | 242,800 | 5,789,183 | Form |
| 9 | Brewer, Brady | ceo, International | Direct | Sell | 3092026 | 97.12 | 1,641 | 159,374 | 8,411,029 | Form |
| 10 | Knudstorp, Jorgen Vig | Direct | Buy | 11132025 | 85.00 | 11,700 | 994,500 | 4,513,201 | Form |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Restaurants Resources |
| Nation's Restaurant News |
| Restaurant Business |
| QSR Magazine |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.