Q4 25 EPS
$0.52
MISS 10.34%
Est. $0.58
Q4 25 Revenue
$9.57B
BEAT +2.28%
Est. $9.36B
vs S&P Since Q4 25
+22.6%
BEATING MARKET
SBUX +28.6% vs S&P +6.0%
Full Year 2025 Results
FY 25 EPS
$2.13
MISS 1.24%
Est. $2.16
FY 25 Revenue
$37.18B
BEAT +0.58%
Est. $36.97B
Market Reaction
Did SBUX Beat Earnings? Q4 2025 Results
Starbucks posted a mixed but symbolically significant Q4 FY2025, delivering a closely watched revenue beat while falling short on earnings as heavy restructuring costs clouded an otherwise encouraging operational recovery. Revenue rose 5.5% year-over… Read more Starbucks posted a mixed but symbolically significant Q4 FY2025, delivering a closely watched revenue beat while falling short on earnings as heavy restructuring costs clouded an otherwise encouraging operational recovery. Revenue rose 5.5% year-over-year to $9.57 billion, topping the $9.36 billion consensus by 2.28%, yet non-GAAP EPS of $0.52 missed the $0.58 estimate by 10.34%, weighed down by $755 million in restructuring and impairment charges tied to the planned closure of 627 underperforming stores. The headline figure investors had been watching most closely, however, was global comparable store sales growth turning positive for the first time in seven quarters, a pivotal milestone for CEO Brian Niccol's "Back to Starbucks" turnaround strategy. GAAP operating margin collapsed to 2.9% from 14.4% a year ago, underscoring the near-term cost of transformation. As Niccol frames it, this is a multi-year effort, with no specific FY2026 guidance offered; the full earnings picture reflects a company accepting short-term pain in pursuit of durable, long-term growth.
Key Takeaways
- • Return to positive global comparable store sales growth for the first time in seven quarters
- • Net new company-operated store growth of 4% in North America and 5% in International over past 12 months
- • International comparable transactions increased 6% in Q4
- • China comparable transactions increased 9% in Q4
- • Channel Development revenue boosted by Global Coffee Alliance growth of 17%
- • U.S. comparable store sales turned positive in September
SBUX YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
SBUX Revenue by Segment
With YoY comparisons, source: SEC Filings
SBUX Revenue by Geography
With YoY comparisons, source: SEC Filings
“We're a year into our 'Back to Starbucks' strategy, and it's clear that our turnaround is taking hold. Our return to global comp growth and the momentum we're building give me confidence we're on the right path to deliver the very best of Starbucks for our customers, partners and shareholders.”
— Brian Niccol, Q4 2025 Earnings Press Release
SBUX Earnings Trends
SBUX vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SBUX EPS Trend
Earnings per share: estimate vs actual
SBUX Revenue Trend
Quarterly revenue: estimate vs actual
SBUX Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | $0.50 | — | $9.53B | +3.31% |
| Q1 26 MISS | $0.59 | $0.56 | -4.58% | $9.92B | +2.68% |
| Q4 25 MISS FY | $0.58 | $0.52 | -10.34% | $9.57B | +2.28% |
| FY Full Year | $2.16 | $2.13 | -1.24% | $37.18B | +0.58% |
| Q3 25 MISS | $0.65 | $0.50 | -22.56% | $9.46B | +1.58% |
| Q2 25 MISS | $0.48 | $0.41 | -15.24% | $8.76B | -0.82% |