Starbucks Corp. (SBUX) stock — is it a good business?

Starbucks Corp. (SBUX) stock — is it a good business? — InspectStocks

Just reported

Q4 FY2026 results

From Starbucks's results release of October 29, 2026. These are the company's first figures; its 10-Q or 10-K replaces them when filed.

Revenue
Actual
$7.33B
-23% y/y
-21% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$898.4M
+223% y/y
-8.4% q/q
Guided
—
No guide given

Company outlook

Full year 2027

EPS, adjusted$3.15 – $3.25First given

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

The full earnings report →

How it makes money

North American coffeehouses79%
International coffeehouses14%

Shares of revenue are estimates for quarter ended June 28, 2026, not figures from a filing.

Competes with

What it sells6

Handcrafted coffee drinks
Coffee and espresso drinks prepared in Starbucks coffeehouses.
Tea and other beverages
Tea and other drinks sold in Starbucks coffeehouses.
Food
Items such as pastries, breakfast sandwiches, and lunch foods sold in coffeehouses.

Show 3 more

Packaged coffee and tea
Whole-bean and ground coffee, tea, and Starbucks-branded single-serve products sold outside Starbucks coffeehouses.
Ready-to-drink beverages
Packaged beverages sold through retail and other partners, including Frappuccino and Starbucks Doubleshot products.
Starbucks Refreshers
Fruit-flavored drinks that Starbucks sells in coffeehouses and develops in different flavors and forms.

Who buys it3

People who buy drinks and food in company-operated Starbucks coffeehouses.
Customers of licensed Starbucks coffeehouses; the local operator runs the store and pays Starbucks through product purchases, royalties, or fees.
Grocery, retail, and food-service businesses that buy or distribute Starbucks-branded packaged coffee, tea, and beverages, including through Nestlé and other partners.

What it stands on, and what could break it

What the business leans on

1Starbucks buys high-quality green coffee beans from producers, traders, and exporters; weather, crop disease, water conditions, and trade rules can affect supply and cost.
2Coffeehouses depend on dairy and plant-based alternatives, food, packaging, and other products from outside suppliers.
3Packaged products and international coffeehouses rely on partners, including Nestlé and licensed store operators, to distribute products or run stores.
4Starbucks' China retail business now depends in part on its joint venture with Boyu Capital, while Starbucks retains its brand and intellectual property rights.

What could go wrong

1Changes in the value of the Starbucks brand, customer preferences, or perceptions of its drinks and food could affect store visits and product sales.
2Higher costs or shortages of quality coffee beans and other ingredients, including from extreme weather, crop problems, tariffs, or supply interruptions, could disrupt operations or raise costs.
3Starbucks depends heavily on North American results and on keeping its coffeehouses appealing and operating consistently; store closures, labor costs, competition, or failure to carry out its business changes could affect results.

Full financial statements →

About Starbucks Corp.

Starbucks buys and roasts coffee beans, then sells coffee, tea, other drinks, and food in its coffeehouses. It also supplies coffee and other branded products to licensed coffeehouses and sells packaged coffee and ready-to-drink beverages through retail and food-service partners. As of June 28, 2026, it had more than 41,000 company-operated and licensed stores in 90 markets (high confidence for both figures). In the third quarter of fiscal 2026, Starbucks moved its China retail operations into a joint venture in which it retained a 40% ownership stake (high confidence).

Head office: Seattle, Washington, United States
Founded: 1985
Employees: Approximately 381,000 (September 28, 2025, high)
Listed on: Nasdaq Global Select Market
Financial year ends: Sunday closest to September 30

Built from Starbucks Corp.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q4 FY2026 results

From Starbucks's results release of October 29, 2026. These are the company's first figures; its 10-Q or 10-K replaces them when filed.

Revenue
Actual
$7.33B
-23% y/y
-21% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$898.4M
+223% y/y
-8.4% q/q
Guided
—
No guide given

Company outlook

Full year 2027

EPS, adjusted$3.15 – $3.25First given

The full earnings report →

Keep exploring

The themes Starbucks is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Restaurants

Graded A or B and worth $2B or more: A first, then the largest.

All 51 graded companies in its industry

Grade rose recently in Consumer Discretionary

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

All grade rises

How it makes money

North American coffeehouses79%
International coffeehouses14%

Shares of revenue are estimates for quarter ended June 28, 2026, not figures from a filing.

Competes with

What it sells6

Handcrafted coffee drinks
Coffee and espresso drinks prepared in Starbucks coffeehouses.
Tea and other beverages
Tea and other drinks sold in Starbucks coffeehouses.
Food
Items such as pastries, breakfast sandwiches, and lunch foods sold in coffeehouses.

Show 3 more

Packaged coffee and tea
Whole-bean and ground coffee, tea, and Starbucks-branded single-serve products sold outside Starbucks coffeehouses.
Ready-to-drink beverages
Packaged beverages sold through retail and other partners, including Frappuccino and Starbucks Doubleshot products.
Starbucks Refreshers
Fruit-flavored drinks that Starbucks sells in coffeehouses and develops in different flavors and forms.

Who buys it3

People who buy drinks and food in company-operated Starbucks coffeehouses.
Customers of licensed Starbucks coffeehouses; the local operator runs the store and pays Starbucks through product purchases, royalties, or fees.
Grocery, retail, and food-service businesses that buy or distribute Starbucks-branded packaged coffee, tea, and beverages, including through Nestlé and other partners.

What it stands on, and what could break it

What the business leans on

1Starbucks buys high-quality green coffee beans from producers, traders, and exporters; weather, crop disease, water conditions, and trade rules can affect supply and cost.
2Coffeehouses depend on dairy and plant-based alternatives, food, packaging, and other products from outside suppliers.
3Packaged products and international coffeehouses rely on partners, including Nestlé and licensed store operators, to distribute products or run stores.
4Starbucks' China retail business now depends in part on its joint venture with Boyu Capital, while Starbucks retains its brand and intellectual property rights.

What could go wrong

1Changes in the value of the Starbucks brand, customer preferences, or perceptions of its drinks and food could affect store visits and product sales.
2Higher costs or shortages of quality coffee beans and other ingredients, including from extreme weather, crop problems, tariffs, or supply interruptions, could disrupt operations or raise costs.
3Starbucks depends heavily on North American results and on keeping its coffeehouses appealing and operating consistently; store closures, labor costs, competition, or failure to carry out its business changes could affect results.

Full financial statements →

About Starbucks Corp.

Head office: Seattle, Washington, United States
Founded: 1985
Employees: Approximately 381,000 (September 28, 2025, high)
Listed on: Nasdaq Global Select Market
Financial year ends: Sunday closest to September 30

Q4 FY2026 results

Revenue

Operating income, GAAP

Company outlook

How it makes money

Competes with

What it sells6

Who buys it3

What it stands on, and what could break it

What the business leans on

What could go wrong

About Starbucks Corp.

Q4 FY2026 results

Revenue

Operating income, GAAP

Company outlook

Keep exploring

The theme it is part of

Highest-graded in Restaurants

Grade rose recently in Consumer Discretionary

How it makes money

Competes with

What it sells6

Who buys it3

What it stands on, and what could break it

What the business leans on

What could go wrong

About Starbucks Corp.

Keep exploring

The theme it is part of

Highest-graded in Restaurants

Grade rose recently in Consumer Discretionary

Restaurants

Starbucks Corp.

Growth & cash — 4 of 5

Business trend

Share price and grade over time

Q4 FY2026 results

Revenue

Operating income, GAAP

Company outlook

How it makes money

Competes with

What it sells6

Who buys it3

What it stands on, and what could break it

What the business leans on

What could go wrong

About Starbucks Corp.

Q4 FY2026 results

Revenue

Operating income, GAAP

Company outlook

Keep exploring

The theme it is part of

Highest-graded in Restaurants

Grade rose recently in Consumer Discretionary

How it makes money

Competes with

What it sells6

Who buys it3

What it stands on, and what could break it

What the business leans on

What could go wrong

About Starbucks Corp.

Keep exploring

The theme it is part of

Highest-graded in Restaurants

Grade rose recently in Consumer Discretionary

Restaurants

Starbucks Corp.

Past performance

Growth & cash — 4 of 5

Business trend

Share price and grade over time