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Starbucks Corporation (SBUX) earnings date & stock reaction

Starbucks Corporation · Consumer Discretionary

Starbucks Corporation earnings date & time

Next earningsThu, October 29 around 4:00 PM ET, after the closescheduled

Schedule

Korea time (KST)
Fri, October 30
Reporting pattern
12 of last 12 after close
Typical move
±4.1% · 12-report avg

What the market expects

Consensus EPS

$0.70Coming in above this counts as a beat

Year-ago quarter
$0.52→+34.6%
Guided EPS
$2.60
Full earnings calendarFrom an earnings calendar · Schedule last checked October 14
Latest reportApr–Jun 2026 results· July 29, 2026 reported
EPS consensus $0.65 → $0.85 ▲ +30.8% beatRev $9.5B → $9.3B -1% YoY
Post-earnings price move
Next-day move
+1.6%
After 5 days
+1.8%
Price around earnings
Around this report
Overlapped an FOMC holdThis report landed on a US Federal Reserve rate-decision day. Rate decisions move the whole market, so the move may reflect the decision, not just earnings. A cut is not always good or a hike always bad. Crisis cuts fell, and hikes in a strong economy often rose.
Earnings callGlobal comparable store sales growth and margin expansion through operational efficiency
“Our third quarter results and performance this year give us the confidence to raise our full year 2026 guidance.”
· Brian Niccol, CEO
“We are raising our EPS guidance at both ends of the range to between $2.55 and $2.65.”
· Cathy Smith, CFO
Positives
  • ▲Solid growth in global comparable sales
    • Global comparable store sales increased 7.9% this quarter, marking four consecutive quarters of growth.
    • North America comparable store sales grew 8.1%, driven by a 4.5% increase in transactions and a 3.5% increase in average ticket.
  • ▲Margin expansion through operational efficiency
    • Non-GAAP operating margin expanded 430bp year-over-year to 14.4% due to cost savings and sales leverage.
    • North America operating margin improved 30bp year-over-year to 13.6%, demonstrating a recovery in profitability.
  • ▲Strong EPS growth and raised guidance
    • Non-GAAP EPS for the quarter was $0.85, up 70% compared to last year.
    • Management raised the fiscal 2026 full-year EPS guidance to a range of $2.55 to $2.65 based on strong performance.
Concerns
  • ▼Revenue decline due to China business restructuring
    • Consolidated net revenue fell 1% year-over-year to $9.3 billion, largely due to the transition of the China business to a joint venture.
    • International segment revenue dropped 34% year-over-year to $1.3 billion primarily due to the China business model change.
  • ▼Potential store closures in North America
    • The company is reviewing underperforming stores in North America, which could lead to further store closures.
    • North America licensed stores saw 41 net closures this quarter, resulting in flat revenue growth for the segment.
Based on the Jul 29, 2026 earnings-call transcript. Quotes are verbatim.

Starbucks Corporation (SBUX) rose the day after earnings in 6 of its last 12 reports (50%), moving ±4.1% on average.

Up next day
6/12
50%
Fell despite growth
1/12
Good earnings ignored
Price when beating
+5.2%
avg over 4 beats
Price when missing
-3.6%
avg over 7 misses
Avg earnings move
±4.1%
typical swing on earnings
Biggest single move
-15.9%
'24.4 · largest reaction
🔑What actually moves this stock?
What really matters here
Whether existing-store sales and traffic grew
In finance terms: Comp sales · traffic
Growth · revenue (YoY by quarter, latest right)
+2%
25-04(Mar qtr)
+4%
25-07(Jun qtr)
+5%
25-10(Sep qtr)
+6%
26-01(Dec qtr)
+9%
26-04(Mar qtr)
-1%
26-07(Jun qtr)
Holding steady · Growth is holding around -1%.
What to watch next report

When results drop, skip the EPS number. Check if the growth above holds or accelerates, and whether guidance beats expectations.

The real bar for this stock

Beating estimates isn't enough. Here's where the real surprise started.

Beat consensus 4 of 12 times
Median beat +14.5%. 0 of those beats still fell the next day.

How this stock reacts to earnings

Traits seen across its recent earnings reactions

Good results usually push the stock up
Up the next day 4 of 4 beats (100%)
Moves in line with results, fairly predictable
Avg +5.2% on a beat, -3.6% on a miss
vs Consumer Discretionary sector avg (218 peers)
This
-0.1%
Sector
+0.7%
Avg next-day reaction

Earnings number vs guidance: which drives it?

How often the beat/miss matched the actual price move

This stock mostly moves with the reported earnings number
Moved opposite to results 1 of last 11 times (9%)
0xBeat but fell
Even a beat sells off if guidance disappoints
1xMissed but rose
Even a miss rebounds if guidance reassures
Fell despite growth1/12

0/4 beats fell next day · watches Comp sales · traffic

Next-day reaction
  • Jun 2026 report+1.6%
  • Mar 2026 report+8.4%
  • Dec 2025 report-1.4%
  • Sep 2025 report-1.2%
  • Jun 2025 report-0.2%
  • Mar 2025 report-5.7%

Earnings timeline · bars = next-day move, ▲▼ = beat/miss

Apr–Jun 2026 results
Reported 2026-07-29
Next-day move
+1.6%
After 5 days +1.8%
EPS consensus $0.65 → $0.85 ▲ +30.8% beatRev $9.5B → $9.3B -1% YoY
Price around earnings
Around this report
Overlapped an FOMC holdThis report landed on a US Federal Reserve rate-decision day. Rate decisions move the whole market, so the move may reflect the decision, not just earnings. A cut is not always good or a hike always bad. Crisis cuts fell, and hikes in a strong economy often rose.

Earnings trend · last 12 quarters

EPS$0.85YoY +70%
'23.11'26.7
Revenue$9.3BYoY -1%
'23.11'26.7

Earnings history and price reaction

Starbucks Corporation across its last 12 earnings reports: EPS versus consensus, the move on the earnings day, and the cumulative move five trading days later.
Quarter endedReported (ET)vs market expectation (consensus)Earnings dayAfter 5 days
6/20262026-07-29+30.8%+1.6%+1.8%
3/20262026-04-28+14.5%+8.4%+7.9%
12/20252026-01-28-4.6%-1.4%+1.9%
9/20252025-10-29-6.5%-1.2%-1.5%
6/20252025-07-29-22.5%-0.2%-3.0%
3/20252025-04-29-15.2%-5.7%-2.4%

12 reports, quarters ending 10/2023 to 6/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.

Frequently asked questions

When is the next Starbucks Corporation earnings date?

The next Starbucks Corporation (SBUX) earnings report is expected Thu, October 29 around 4:00 PM ET, after the close. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.

What is the consensus EPS forecast for Starbucks Corporation's next earnings?

Analysts expect EPS of about $0.70 for Starbucks Corporation (SBUX). Coming in above that counts as a beat, below it a miss — though a beat does not guarantee the stock rises.

Does Starbucks Corporation (SBUX) stock usually go up after earnings?

Over the last 12 earnings reports, the stock rose on 6 of them (50%). The average move on earnings day was ±4.1%.

Does Starbucks Corporation react more to the earnings numbers or to guidance?

In 1 of the last 11 reports (9%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.

Can Starbucks Corporation stock fall even when earnings are good?

Yes. In 1 of the last 12 reports, Starbucks Corporation fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.

Does Starbucks Corporation stock keep moving after the earnings day?

Over the last 12 reports, the move continued in the same direction for the following five trading days 50% of the time. This tendency is known as post-earnings announcement drift.