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Compared to Estimates, Starbucks (SBUX) Q3 Earnings: A Look at Key Metrics

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For the quarter ended June 2026, Starbucks (SBUX - Free Report) reported revenue of $9.32 billion, down 1.4% over the same period last year. EPS came in at $0.85, compared to $0.50 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $9.44 billion, representing a surprise of -1.22%. The company delivered an EPS surprise of +28.79%, with the consensus EPS estimate being $0.66.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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: 41,304 versus the five-analyst average estimate of 39,717.
  • Comparable store sales - YoY change: 7.9% versus the five-analyst average estimate of 6.4%.
  • Comparable Store Sales - International - Sales Growth: 5.7% compared to the 4.4% average estimate based on five analysts.
  • Comparable Store Sales - North America - Sales Growth: 8.1% versus the five-analyst average estimate of 6.5%.
  • Net Revenues- North America: $7.4 billion compared to the $7.29 billion average estimate based on four analysts. The reported number represents a change of +6.8% year over year.
  • Net Revenues- International: $1.32 billion compared to the $1.53 billion average estimate based on four analysts. The reported number represents a change of -34.2% year over year.
  • Net Revenues- Company-operated stores- North America: $6.75 billion versus $6.64 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7.5% change.
  • Net Revenues- Other- International: $9.9 million versus $15.85 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -47.3% change.
  • Net Revenues- Company-operated stores: $7.51 billion versus the five-analyst average estimate of $7.52 billion. The reported number represents a year-over-year change of -3.9%.
  • Net Revenues- Licensed stores: $1.2 billion compared to the $1.24 billion average estimate based on five analysts. The reported number represents a change of +8.6% year over year.
  • Net Revenues- Other: $615.8 million versus $624.43 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +14.5% change.
  • Net Revenues- Channel Development: $587.9 million versus the four-analyst average estimate of $558.27 million. The reported number represents a year-over-year change of +21.5%.

View all Key Company Metrics for Starbucks here>>>

Shares of Starbucks have returned +0.9% over the past month versus the Zacks S&P 500 composite's +1.9% 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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