Starbucks Corporation is a global leader in the coffee industry, operating as a roaster, marketer, and retailer of premium coffee and related products, with a business model centered around company-operated and licensed stores offering beverages and food. The company strategically segments its operations into North America, International, and Channel Development, and extends its brand through licensed stores and packaged goods. In its most recent reported quarters, Starbucks experienced a deceleration in both EPS and revenue. For Q3 2025, EPS was $0.52 against an estimate of $0.55621, and revenue was $9.569 billion. This followed Q2 2025 where EPS was $0.50 against an estimate of $0.64511, and revenue was $9.456 billion. Prior to this, Q1 2025 saw EPS of $0.41 against an estimate of $0.48368, with revenue at $8.7616 billion, and Q4 2024 reported EPS of $0.69 against an estimate of $0.66695, with revenue at $9.3978 billion. The company has shown a mixed beat/miss pattern, beating EPS estimates in Q4 2024 but missing in Q1, Q2, and Q3 of 2025. Looking at the historical trajectory, the company has faced challenges in consistently growing EPS year-over-year in the most recent periods, with a notable pattern of revenue growth continuing even when EPS estimates were missed. Recent news highlights Starbucks' multi-pronged strategy to reignite growth, including the national rollout of MUSH protein oats and new Energy Refreshers, alongside store renovations to enhance customer experience. However, the company is also facing renewed labor disputes and has announced the divestiture of international operations in Greece and Cyprus. Investors will be watching for how the new product launches and store enhancements impact same-store sales and profitability, and the progression of labor negotiations in the upcoming quarters.
