Starbucks heads into its fiscal Q1 (ended December 2025) with global comparable-store sales growth of 4.2%, driven by stabilizing customer traffic in North America and a 3.5% increase in average ticket. Wall Street consensus projects revenues of $8.1 billion, up 3.8% year-over-year, but earnings per share are expected to decline 7% to $0.96, reflecting ongoing margin pressures. Investors will focus on U.S. same-store sales trends and management’s commentary on whether the recent ‘Back to Starbucks’ initiatives—menu simplification and store remodels—are translating into improved throughput and profitability.

On January 22, 2026, William Blair upgraded Starbucks from Market Perform to Outperform, citing confidence in the company’s long-term growth trajectory. The stock traded between $94.89 and $97.80 on the day of the upgrade, with a closing price of $95.83. Goldman Sachs subsequently raised its price target to $114, reflecting a premium forward P/E multiple of approximately 25x, versus a 20x average for large-cap restaurant peers. Starbucks’ market capitalization stands at $108.97 billion, and daily trading volume has averaged 14.1 million shares, underscoring the stock’s high liquidity and investor interest.

Starbucks will host its 2026 Investor Day on January 29, where CEO Brian Niccol and CFO Cathy Smith will unveil the company’s long-term growth strategy. Management has indicated plans to accelerate unit expansion in under-penetrated markets, target a global store base of 50,000 by 2030, and achieve mid-teens operating margins through technology investments and supply-chain efficiencies. The event’s webcast, beginning at 8:00 a.m. ET, will be available on Starbucks’ Investor Relations website, and slides will be archived for later review.