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Here's What Key Metrics Tell Us About Starbucks (SBUX) Q1 Earnings

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For the quarter ended December 2025, Starbucks (SBUX - Free Report) reported revenue of $9.92 billion, up 5.5% over the same period last year. EPS came in at $0.56, compared to $0.69 in the year-ago quarter.

The reported revenue represents a surprise of +2.82% over the Zacks Consensus Estimate of $9.64 billion. With the consensus EPS estimate being $0.58, the EPS surprise was -2.9%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Starbucks performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Total Stores: 41,118 compared to the 41,241 average estimate based on seven analysts.
  • Comparable Store Sales - International - Sales Growth: 5% compared to the 2.6% average estimate based on seven analysts.
  • Comparable Store Sales - North America - Sales Growth: 4% versus the seven-analyst average estimate of 1.7%.
  • Comparable store sales - YoY change: 4% versus the seven-analyst average estimate of 1.8%.
  • Net Revenues- North America: $7.28 billion versus $7.14 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3% change.
  • Net Revenues- Company-operated stores- International: $1.55 billion compared to the $1.53 billion average estimate based on five analysts. The reported number represents a change of +9.5% year over year.
  • Net Revenues- Licensed stores- International: $487.2 million versus $464.78 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +12.5% change.
  • Net Revenues- Licensed stores- North America: $643.2 million versus the five-analyst average estimate of $708.33 million. The reported number represents a year-over-year change of -8.5%.
  • Net Revenues- Company-operated stores: $8.19 billion versus $7.96 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +5.2% change.
  • Net Revenues- Licensed stores: $1.13 billion compared to the $1.16 billion average estimate based on seven analysts. The reported number represents a change of -0.5% year over year.
  • Net Revenues- Other: $596.7 million compared to the $526.42 million average estimate based on seven analysts. The reported number represents a change of +25.2% year over year.
  • Net Revenues- Channel Development: $522.7 million versus the five-analyst average estimate of $475.27 million. The reported number represents a year-over-year change of +19.8%.

View all Key Company Metrics for Starbucks here>>>

Shares of Starbucks have returned +12.3% over the past month versus the Zacks S&P 500 composite's +0.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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