Starbucks stock slips 1.08 percent as Q3 margins widen
Published on 09/23/2026 at 17:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Starbucks stock was trading at USD 94.08 on Nasdaq on September 23, 2026, down 1.08 percent from the previous close. The move comes after fiscal Q3 FY2026 adjusted EPS reached USD 0.85 against a USD 0.66 consensus estimate, according to Zacks.
Adjusted EPS beats by 28.8 percent
The adjusted EPS result exceeded consensus by USD 0.19, or 28.8 percent, while reported revenue reached USD 9.32 billion for the quarter ended June 28, 2026. Revenue declined 1.4 percent year over year, reflecting the conversion of Starbucks China retail operations into a licensed joint venture, Zacks reported.
The comparison is important because the headline revenue decline masks a sharper operating improvement. GAAP operating income increased 4.8 percent to USD 980.4 million, while GAAP operating margin expanded to 10.5 percent from the prior-year level, according to StockTitan.
Comparable sales reach 7.9 percent
Global comparable store sales rose 7.9 percent in Q3 FY2026, driven by a 4.2 percent increase in transactions and a 3.5 percent increase in average ticket. North America comparable sales rose 8.1 percent and international comparable sales increased 5.7 percent, the filing summary said.
Management also raised fiscal 2026 adjusted EPS guidance to USD 2.55 to USD 2.65. The same update put the company on a path toward a fourth consecutive quarter of global comparable sales growth, giving investors an operating measure that is stronger than the consolidated revenue trend, according to StockTitan.
Stock stays below its yearly high
At USD 94.08 on September 23, 2026, Starbucks stock stood 14.87 percent below its 52-week high of USD 110.51 and above its 52-week low of USD 77.99. Its market capitalization was USD 107.2569 billion on the same date, making the operating margin and comparable-sales recovery the key figures behind the valuation narrative.
Starbucks stock facts
- Company: Starbucks Corporation
- Ticker: SBUX
- Trading venue: Nasdaq
- Price as of September 23, 2026, 11:25 a.m. ET: USD 94.08
- Market capitalization: USD 107.2569 billion as of September 23, 2026
- 52-week range: USD 77.99-110.51 as of September 23, 2026
- Sector / Industry: Consumer Cyclical / Restaurants
