Starbucks (NASDAQ:SBUX) Releases FY 2028 Earnings Guidance

Starbucks (NASDAQ:SBUX) updated its FY 2028 earnings guidance on Friday. 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 Stock Down 2.1%

Shares of NASDAQ:SBUX opened at $91.95 on Friday. The business has a fifty day simple moving average of $88.09 and a 200-day simple moving average of $87.16. Starbucks has a 52 week low of $75.50 and a 52 week high of $117.46. The company has a market cap of $104.56 billion, a P/E ratio of 75.99, a P/E/G ratio of 1.94 and a beta of 0.97.

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

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, February 13th. Starbucks’s dividend payout ratio (DPR) is 204.96%.

Analyst Ratings Changes

SBUX has been the subject of a number of research analyst reports. William Blair raised shares of Starbucks from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 22nd. Sanford C. Bernstein reissued an “outperform” rating on shares of Starbucks in a research report on Monday. Morgan Stanley set a $105.00 target price on shares of Starbucks and gave the company an “overweight” rating in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $113.00 price target on shares of Starbucks in a research report on Thursday. Finally, Dbs Bank cut Starbucks from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Nineteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and an average target price of $104.74.

Insider Activity

In other Starbucks news, Director Jorgen Vig Knudstorp purchased 11,700 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were acquired at an average price of $85.00 per share, for a total transaction of $994,500.00. Following the completion of the purchase, the director owned 53,096 shares in the company, valued at $4,513,160. The trade was a 28.26% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Investor Day and early-operational wins — management showcased the “Back to Starbucks” turnaround (new store designs, AI initiatives, beverage innovation) and reported revenue and comp-sales gains, evidence that traffic and transactions are improving. Starbucks Gets a Jolt After Earnings, But Will the Buzz Last?
• Positive Sentiment: Rewards relaunch to drive frequency — Starbucks announced a three-tiered Rewards program (Green, Gold, Reserve) to encourage repeat visits and personalization, which could lift transactions if adoption matches management’s plan. Starbucks Unveils Reimagined Loyalty Program to Deliver More Meaningful Value, Personalization and Engagement for Members
• Neutral Sentiment: CEO tone and public comments — Brian Niccol signaled willingness to negotiate with union organizers and discussed security and stock‑price questions in media appearances; these comments reduce headline uncertainty but leave execution and labor outcomes unresolved. Starbucks CEO says he is willing to negotiate with unionizers
• Neutral Sentiment: Growth vs. guidance — management updated long‑term targets (FY2028 EPS range) and reiterated growth levers; the guidance shows progress but contains mixed signals versus consensus, so investors are awaiting concrete margin improvements and forward execution. Starbucks CEO on Growth Plans, Pricing and China Market
• Negative Sentiment: Mixed earnings: EPS miss and margin pressure — Starbucks beat on revenue but missed EPS, and management warned margins remain pressured (higher input/labor costs). That combination helped pull back earlier post‑earnings gains and weighs on near‑term stock performance. Why Starbucks (SBUX) Shares Are Down After A Mixed Earnings Report
• Negative Sentiment: Governance/PR headwinds — a shareholder‑rights law firm announced an investigation into officers/directors, and the company removed a cap on the CEO’s private jet use citing security, both creating short‑term reputational and governance risk for the stock. Halper Sadeh LLC Encourages Starbucks Corporation Shareholders To Contact The Firm To Discuss Their Rights Starbucks removes cap on CEO’s use of company’s private jet, citing security concerns

Hedge Funds Weigh In On Starbucks

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC increased its position in shares of Starbucks by 1.6% in the 3rd quarter. Advisory Services Network LLC now owns 66,580 shares of the coffee company’s stock worth $5,633,000 after purchasing an additional 1,075 shares during the last quarter. Integrated Investment Consultants LLC grew its stake in Starbucks by 7.9% in the third quarter. Integrated Investment Consultants LLC now owns 3,981 shares of the coffee company’s stock worth $337,000 after purchasing an additional 290 shares in the last quarter. Saratoga Research & Investment Management increased its holdings in Starbucks by 21.8% in the third quarter. Saratoga Research & Investment Management now owns 621,908 shares of the coffee company’s stock valued at $52,613,000 after buying an additional 111,426 shares during the last quarter. Financial Engines Advisors L.L.C. raised its stake in Starbucks by 5.3% during the third quarter. Financial Engines Advisors L.L.C. now owns 14,368 shares of the coffee company’s stock valued at $1,216,000 after buying an additional 717 shares in the last quarter. Finally, Morningstar Investment Management LLC lifted its holdings in Starbucks by 636.5% during the 3rd quarter. Morningstar Investment Management LLC now owns 52,469 shares of the coffee company’s stock worth $4,439,000 after buying an additional 45,345 shares during the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

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.