Starbucks Corporation Set to Announce Q3 2026 Results
With a market capitalization of $121 billion, Starbucks Corporation (SBUX) is a global coffee roaster, marketer, and retailer known for its specialty beverages, food items, and iconic brands such as Starbucks Coffee, Teavana, and Seattle’s Best Coffee. The Las Vegas, Nevada-based company operates through its North America, International, and Channel Development segments, selling products through retail stores, licensed partners, and consumer packaged goods.
Ahead of its fiscal Q3 2026 results announcement, analysts forecast SBUX to report an adjusted earnings per share (EPS) of $0.65, a 30% increase from $0.50 in the year-ago quarter. This growth is expected to be driven by the company’s successful turnaround strategy, ‘Back to Starbucks,’ which aims to improve customer experience and drive sales growth.
Starbucks has a history of surpassing Wall Street’s earnings estimates, with a 75% success rate over the past four quarters. However, the company has also missed expectations on three occasions. Analysts’ consensus view on SBUX stock is cautiously optimistic, with a ‘Moderate Buy’ rating overall. Among 35 analysts covering the stock, 14 recommend a ‘Strong Buy,’ two have a ‘Moderate Buy,’ 15 suggest a ‘Hold,’ one gives a ‘Moderate Sell,’ and three ‘Strong Sells.’
For fiscal 2026, analysts expect Starbucks to post an EPS of $2.40, a growth of 12.7% from $2.13 in fiscal 2025. Moreover, EPS is projected to increase 27.9% year-over-year to $3.07 in fiscal 2027. SBUX stock has risen 15.1% over the past 52 weeks, lagging behind the S&P 500 Index’s 20.8% gain. However, the stock has outpaced the State Street Consumer Discretionary Select Sector SPDR ETF’s 7.1% return over the same period.
The company’s shares surged 8.5% following its Q2 2026 results on April 28, driven by global same-store sales growth of 6.2% and adjusted EPS of $0.50, both surpassing the consensus. Starbucks raised its fiscal 2026 adjusted EPS guidance to $2.25 – $2.45 and increased its global same-store sales growth forecast to 5% or more from at least 3%. Investors were also encouraged by the management’s ‘Back to Starbucks’ turnaround strategy, with about 80% of stores meeting the company’s 4-4-12 service targets, 5.9% growth in average visits per store, continued positive sales trends through April, and expectations that tariff- and coffee price-related margin pressures will ease in the second half of the fiscal year.
Analyst Expectations and Stock Performance
As of writing, SBUX stock is trading above the average analyst price target of $106.22. The company’s stock has been volatile in recent months, with a 15.1% gain over the past 52 weeks. While this growth lags behind the S&P 500 Index’s 20.8% gain, it outpaces the State Street Consumer Discretionary Select Sector SPDR ETF’s 7.1% return over the same period.
