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Earnings transcript
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SBUX
Starbucks Corporation
$105.76
-1.73
(-1.61%)
| Exchange: | NASDAQ |
| Market Cap: | 120.566B |
| Shares Outstanding: | 809.344M |
Delayed data
About The Company
| Sector: | Consumer Cyclical | |||||
| Industry: | Restaurants | |||||
| CEO: | Brian R. Niccol | |||||
| Full Time Employees: | 381000 | |||||
| Address: |
| |||||
| Website: | https://www.starbucks.com |
Starbucks Corporation, along with its various subsidiaries, operates worldwide as a key player in roasting, marketing, and selling specialty coffee. Its business is structured into three main operating divisions: North America, International markets, and Channel Development. The company’s retail outlets offer a broad assortment of coffee and tea beverages, roasted whole bean and ground coffees, single-serve options, and ready-to-drink products. Customers can also find a variety of food items, including pastries, breakfast sandwiches, and lunch selections. Furthermore, Starbucks extends its brand reach by licensing its trademarks to independently operated stores, grocery retailers, and foodservice accounts. Products are sold under well-known labels such as Starbucks, Teavana, Seattle’s Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve, and Princi. As of October 3, 2021, Starbucks had a significant global presence, operating 16,826 company-owned and licensed stores across North America, in addition to 17,007 similar locations internationally. The company, established in 1971, is headquartered in Seattle, Washington.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 35,975,600 | 36,176,200 | 37,184,400 |
| Gross Profit | 9,846,200 | 9,709,100 | 8,981,500 |
| EBITDA | 7,402,300 | 7,124,000 | 5,378,800 |
| Operating Income | 5,870,800 | 5,408,800 | 3,580,800 |
| Net Income | 4,124,500 | 3,760,900 | 1,856,400 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 29,445,500 | 31,339,300 | 32,019,700 |
| Total Liabilities | 37,433,300 | 38,780,900 | 40,108,900 |
| Total Stockholders Equity | -7,994,800 | -7,448,900 | -8,096,600 |
| Total Debt | 24,599,800 | 25,803,100 | 26,611,500 |
| Cash and Cash Equivalents | 3,551,500 | 3,286,200 | 3,219,800 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 6,008,700 | 6,095,600 | 4,747,500 |
| Capital Expenditure | -2,333,600 | -2,777,500 | -2,305,500 |
| Free Cash Flow | 3,675,100 | 3,318,100 | 2,442,000 |
| Net Income | 4,124,700 | 3,762,300 | 1,856,700 |
| Net Change in Cash | 733,100 | -265,300 | -66,400 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 44,842,497.914 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 47,116,008.571 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 45,920,500 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 8,913,792.675 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 9,365,721.171 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 9,128,077.952 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 5,392,473.590 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 5,750,473.373 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 5,562,224.004 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 3,026,905.320 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 3,180,369.151 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 3,099,671.343 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 4.880 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 5.050 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 4.730 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 23 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 6 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Revenue Performance and Brand Value: Starbucks has demonstrated consistent revenue growth, as evidenced by historical income statement data, reflecting its robust global brand presence and customer loyalty within the specialty coffee industry. The company’s ability to maintain high gross profit margins (per Key Metrics) underscores operational efficiency and pricing power.
- Solid Free Cash Flow Generation: Financials from the Cash Flow Statements indicate strong free cash flow (freeCashFlow), supported by significant net cash provided by operating activities. This provides SBUX with financial flexibility for reinvestment, dividends, and debt management.
- Global Workforce and Operational Scale: As per the Company Profile, Starbucks employs a substantial number of full-time employees, supporting its extensive global operations across diverse markets. This scale enhances its ability to execute strategies effectively within the Consumer Cyclical sector.
- Dividend Yield and Shareholder Returns: The Key Metrics data highlights a competitive dividend yield (dividendYieldTTM), alongside consistent dividend payments (netDividendsPaid from Cash Flow Statements), making SBUX attractive to income-focused investors.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates SBUX intrinsic value between $42.93 – $46.69 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about SBUX valuation
Is Starbucks Corporation (SBUX) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Starbucks Corporation (SBUX) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is SBUX a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether SBUX trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is SBUX’s P/E ratio?
You can see SBUX’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for SBUX?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is SBUX a good long-term investment?
Whether SBUX fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
SBUX
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Daily snapshot
-1.61
Trading Metrics:
| Open: | 106.85 | Previous Close: | 107.49 | |
| Day Low: | 105.36 | Day High: | 107.14 | |
| Year Low: | 77.99 | Year High: | 110.51 | |
| Price Avg 50: | 104.56 | Price Avg 200: | 96.67 | |
| Volume: | 0 | Average Volume: | 7.529M |
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Login — it's freeSBUX full analysis
Welcome to MARKETSNAP’s SWOT analysis for Starbucks Corporation, or SBUX as it’s known on the ticker. If you’re a long-term investor looking to brew up some insights on this global coffee giant, you’re in the right place. We’re diving deep into what makes Starbucks a standout, where it’s stumbling, and what could shape its future. So, grab your favorite latte, and let’s break this down together with a full SWOT analysis, some fresh news, and key financials to keep your…
