Here's What Key Metrics Tell Us About Starbucks (SBUX) Q1 Earnings

Core Insights - Starbucks reported revenue of $9.92 billion for the quarter ended December 2025, reflecting a 5.5% increase year-over-year and a surprise of +2.82% over the Zacks Consensus Estimate of $9.64 billion [1] - The company's EPS was $0.56, down from $0.69 in the same quarter last year, resulting in an EPS surprise of -2.9% compared to the consensus estimate of $0.58 [1] Financial Performance Metrics - Total stores reached 41,118, slightly below the average estimate of 41,241 from seven analysts [4] - Comparable Store Sales - International grew by 5%, exceeding the average estimate of 2.6% [4] - Comparable Store Sales - North America increased by 4%, compared to the average estimate of 1.7% [4] - Year-over-year change in comparable store sales was 4%, surpassing the average estimate of 1.8% [4] - Net Revenues from North America were $7.28 billion, above the estimated $7.14 billion, representing a +3% change year-over-year [4] - Net Revenues from company-operated stores internationally were $1.55 billion, slightly above the $1.53 billion estimate, marking a +9.5% year-over-year change [4] - Net Revenues from licensed stores internationally were $487.2 million, exceeding the estimate of $464.78 million, with a +12.5% year-over-year change [4] - Net Revenues from licensed stores in North America were $643.2 million, below the estimated $708.33 million, reflecting an -8.5% year-over-year change [4] - Net Revenues from company-operated stores totaled $8.19 billion, above the estimated $7.96 billion, indicating a +5.2% year-over-year change [4] - Net Revenues from licensed stores were $1.13 billion, slightly below the estimate of $1.16 billion, with a -0.5% year-over-year change [4] - Net Revenues from other sources were $596.7 million, exceeding the estimate of $526.42 million, representing a +25.2% year-over-year change [4] - Net Revenues from channel development were $522.7 million, above the estimate of $475.27 million, indicating a +19.8% year-over-year change [4] Stock Performance - Starbucks shares returned +12.3% over the past month, outperforming the Zacks S&P 500 composite's +0.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]