Starbucks CEO Brian Niccol speaks during the Starbucks Investor Day event in New York City, U.S., Jan. 29, 2026.
Brendan McDermid | Reuters
Starbucks is set to report its quarterly earnings after the bell on Thursday.
Here’s what Wall Street is expecting the company to report, based on a survey of analysts by LSEG:
- Earnings per share: 72 cents expected
- Revenue: $9.23 billion expected
Wall Street is also projecting that the coffee giant will report its fifth straight quarter of same-store sales growth, as its U.S. turnaround takes hold. Analysts expect Starbucks to post a same-store sales increase of 6%, fueled by its North American cafes, according to StreetAccount estimates.
As its U.S. business improves, Starbucks is closing underperforming locations, which could boost same-store sales numbers. In September, the company announced it would shutter about 1% of its North American footprint, representing about 250 cafes. The company expects to incur about $300 million in restructuring charges related to the closures.
The company’s earnings report also comes weeks after Starbucks quashed speculation that it will buy Chipotle Mexican Grill, CEO Brian Niccol’s former employer. While Chipotle investors cheered for the rumored acquisition, industry analysts said that a merger would distract Starbucks from its turnaround.
Starbucks stock has climbed about 24% this year, raising its market cap to roughly $119 billion.
