Starbucks Corporation: EPS $0.80 vs $0.719 expected; revenue $9.14B vs $9.22B
Key Facts
Q4 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 0.800 | 0.719 | +11.3% | 0.520 |
| Revenue (USD bn) | 9.140 | 9.220 | −0.9% | 9.570 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Oct 29, 2026 | Q4 FY2026 | 0.80 | 0.7190 | +11.3% | 9.14 | 9.22 | −0.9% |
| Jul 29, 2026 | Q3 FY2026 | 0.85 | 0.6600 | +28.8% | 9.32 | 9.17 | +1.6% |
| Apr 28, 2026 | Q2 FY2026 | 0.50 | 0.4253 | +17.6% | 9.53 | 9.17 | +4.0% |
| Jan 28, 2026 | Q1 FY2026 | 0.56 | 0.5860 | −4.4% | 9.92 | 9.65 | +2.7% |
| Oct 29, 2025 | Q4 FY2025 | 0.52 | 0.5560 | −6.5% | 9.57 | 9.33 | +2.6% |
| Jul 29, 2025 | Q3 FY2025 | 0.50 | 0.6470 | −22.7% | 9.46 | 9.29 | +1.7% |
| Apr 29, 2025 | Q2 FY2025 | 0.41 | 0.4858 | −15.6% | 8.76 | 8.83 | −0.8% |
| Jan 28, 2025 | Q1 FY2025 | 0.69 | 0.6800 | +1.5% | 9.40 | 9.32 | +0.9% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Starbucks Corporation results: EPS $0.80 vs $0.719 expected; revenue $9.14B vs $9.22B. The results cover the company's Q4 FY2026. EPS came in above analysts' estimate by 11.3%; revenue below the estimate by 0.9%.
Revenue was down 4.5% from $9.57 billion a year earlier (Q4 FY2025). EPS was up 53.8% from $0.52 a year earlier. On its record, EPS topped analysts' estimates in 3 of 7 earlier comparable reports.
What the results mean
Shrinking revenue points to pressure on Starbucks Corporation’s business, but does not establish whether that pressure comes from customer traffic or changes in customer spending. Understanding it requires distinguishing coffeehouse performance from product sales through distribution and licensing channels.
The company combines coffeehouse operations, brand licensing, and sales of beverages, food, and packaged products. Its ability to turn sales into profit therefore depends on product mix and operating costs, while the earnings contribution of sales differs between company-operated and licensed stores.
Operations span North America, international markets, and channel development. This diversity makes the geographic and operational source of pressure central to interpreting the results, although the available information does not identify a particular market or activity as the cause.
What to watch on the earnings call: Listen for management’s discussion of customer traffic and spending, the beverage and food mix, and how operating costs affect margins. Clarification of where pressure sits across North America, international markets, and distribution channels would help, alongside the role of licensed stores relative to company-operated locations in explaining performance.
For the full analysis of Starbucks Corporation stock — valuation, scores and financial statements — see the stock page linked with this story.