Starbucks (NASDAQ:SBUX) Releases FY 2028 Earnings Guidance

Starbucks (NASDAQ:SBUX) issued an update on its FY 2028 earnings guidance on Friday morning. The company provided earnings per share guidance of 3.350-4.000 for the period, compared to the consensus earnings per share estimate of 3.780. The company issued revenue guidance of -.

Starbucks Trading Down 1.3%

SBUX opened at $93.88 on Friday. Starbucks has a 12 month low of $75.50 and a 12 month high of $117.46. The firm has a market cap of $106.75 billion, a P/E ratio of 77.59, a P/E/G ratio of 1.98 and a beta of 0.97. The stock has a 50-day moving average of $87.96 and a 200 day moving average of $87.17.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The business had revenue of $9.92 billion for the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter in the prior year, the business posted $0.69 earnings per share. Starbucks’s revenue for the quarter was up 5.5% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, research analysts forecast that Starbucks will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, February 13th. Starbucks’s dividend payout ratio (DPR) is 151.22%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SBUX. Guggenheim reiterated a “buy” rating and issued a $90.00 target price on shares of Starbucks in a research report on Monday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Starbucks in a research report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $113.00 price objective on shares of Starbucks in a report on Thursday. Wall Street Zen raised Starbucks from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, BTIG Research reissued a “buy” rating and issued a $105.00 price objective on shares of Starbucks in a research report on Thursday. Nineteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $104.26.

Insider Activity

In other news, Director Jorgen Vig Knudstorp acquired 11,700 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $994,500.00. Following the acquisition, the director directly owned 53,096 shares in the company, valued at $4,513,160. This trade represents a 28.26% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Q1 revenue and traffic beat — Starbucks reported $9.92B in revenue, global comparable-store sales rose ~4% with the U.S. posting its first transaction growth in two years, signalling early traction on the “Back to Starbucks” turnaround. Starbucks Gets a Jolt After Earnings, But Will the Buzz Last?
• Positive Sentiment: Rebuilt loyalty program — Starbucks will relaunch a three-tier U.S. Rewards structure (Green/Gold/Reserve) on March 10 to drive frequency and personalization; this is designed to increase visits and spend per member. Starbucks Unveils Reimagined Loyalty Program
• Positive Sentiment: Investor Day strategy — management outlined store redesigns, AI-driven customization, beverage innovation and plans to open new U.S. stores, supporting a long‑term growth and digital engagement thesis. Starbucks Investor/Analyst Day Transcript
• Neutral Sentiment: Analyst reactions mixed — some firms (RBC/BTIG) reaffirmed bullish views and $105 price targets, while others remain cautious (UBS hold), reflecting differing views on execution risk vs. growth potential. Benzinga Analyst Notes
• Negative Sentiment: EPS miss and profitability pressure — EPS of $0.56 missed estimates (~$0.59) and margins remain pressured as the company prioritizes staffing, store experience and digital investments. Q1 2026 Earnings Call Highlights
• Negative Sentiment: Forward guidance and valuation — FY2026 EPS guide was modest and Starbucks updated FY2028 EPS to 3.350–4.000 (below some consensus points), while the stock trades at a premium multiple, leaving limited upside unless margins recover.
• Negative Sentiment: Governance/legal overhangs and optics — shareholder-law firms (Halper Sadeh, Johnson Fistel) have opened inquiries and the company drew negative attention for loosening limits on CEO aircraft use; these issues add short-term headline risk. Halper Sadeh LLC Notice

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new position in Starbucks in the third quarter worth about $27,000. Kelleher Financial Advisors bought a new stake in Starbucks in the third quarter valued at approximately $27,000. Wealth Watch Advisors INC acquired a new stake in shares of Starbucks in the 3rd quarter valued at about $34,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Starbucks during the 3rd quarter worth approximately $41,000. Finally, Rakuten Securities Inc. raised its position in shares of Starbucks by 55.1% in the second quarter. Rakuten Securities Inc. now owns 549 shares of the coffee company’s stock valued at $50,000 after purchasing an additional 195 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

About Starbucks

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.