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Compared to Estimates, Starbucks (SBUX) Q4 Earnings: A Look at Key Metrics

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Starbucks (SBUX - Free Report) reported $9.14 billion in revenue for the quarter ended September 2026, representing a year-over-year decline of 4.5%. EPS of $0.80 for the same period compares to $0.52 a year ago.

The reported revenue represents a surprise of -1.41% over the Zacks Consensus Estimate of $9.27 billion. With the consensus EPS estimate being $0.73, the EPS surprise was +9.59%.

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:
  • Comparable Store Sales - North America - Sales Growth: 7.9% versus 7.2% estimated by five analysts on average.
  • Total Stores: 41,607 versus the five-analyst average estimate of 41,477.
  • Comparable Store Sales - International - Sales Growth: 0.9% compared to the 3% average estimate based on four analysts.
  • Total Stores - International: 23,431 versus 23,157 estimated by four analysts on average.
  • Net Revenues- North America: $7.33 billion versus the three-analyst average estimate of $7.34 billion. The reported number represents a year-over-year change of +6.2%.
  • Net Revenues- International: $1.31 billion versus $1.38 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -37% change.
  • Net Revenues- Company-operated stores- North America: $6.69 billion versus the three-analyst average estimate of $6.71 billion. The reported number represents a year-over-year change of +6.6%.
  • Net Revenues- Other- International: $7.4 million compared to the $13.48 million average estimate based on three analysts. The reported number represents a change of -52.9% year over year.
  • Net Revenues- Company-operated stores: $7.43 billion compared to the $7.42 billion average estimate based on six analysts. The reported number represents a change of -5.5% year over year.
  • Net Revenues- Licensed stores: $1.2 billion versus $1.21 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +9.4% change.
  • Net Revenues- Other: $515.5 million compared to the $639.62 million average estimate based on six analysts. The reported number represents a change of -16% year over year.
  • Net Revenues- Channel Development: $494.4 million versus $571.02 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -8.9% change.

View all Key Company Metrics for Starbucks here>>>

Shares of Starbucks have returned +9.8% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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