Compared to Estimates, Starbucks (SBUX) Q3 Earnings: A Look at Key Metrics

Core Insights - Starbucks reported revenue of $9.46 billion for the quarter ended June 2025, reflecting a year-over-year increase of 3.8% [1] - The company's EPS was $0.50, down from $0.93 in the same quarter last year, indicating a significant decline [1] - The revenue exceeded the Zacks Consensus Estimate of $9.3 billion by 1.68%, while the EPS fell short of the consensus estimate of $0.65 by 23.08% [1] Financial Performance Metrics - Total stores reached 41,097, slightly below the average estimate of 41,148 from eight analysts [4] - Comparable store sales in North America decreased by 2%, compared to an estimated decline of 1.9% [4] - Comparable store sales internationally showed no growth, falling short of the estimated growth of 2.3% [4] - Net revenues from North America were $6.93 billion, surpassing the average estimate of $6.88 billion, with a year-over-year increase of 1.6% [4] - Net revenues from company-operated stores internationally were $1.53 billion, slightly above the estimate of $1.52 billion, marking a 10.6% year-over-year increase [4] - Net revenues from licensed stores internationally were $465.1 million, close to the estimate of $467.92 million, with a year-over-year increase of 3.9% [4] - Net revenues from licensed stores in North America were $640.5 million, below the estimate of $659.42 million, reflecting a year-over-year decline of 6% [4] - Net revenues from company-operated stores totaled $7.81 billion, exceeding the estimate of $7.71 billion, with a year-over-year increase of 3.9% [4] - Net revenues from licensed stores amounted to $1.11 billion, slightly below the estimate of $1.12 billion, indicating a year-over-year decline of 2.1% [4] - Net revenues from other sources were $537.9 million, surpassing the estimate of $471.17 million, with a year-over-year increase of 14.7% [4] - Net revenues from channel development reached $483.8 million, exceeding the estimate of $441.13 million, with a year-over-year increase of 10.4% [4] Stock Performance - Starbucks shares returned +2.2% over the past month, underperforming the Zacks S&P 500 composite's +3.6% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]