olivLaw · US equity research
Starbucks Corporation SBUX
Retail-Eating & Drinking Places · SIC 5810 · Vertical: Retail-Eating & Drinking Places (SIC 5810)
Starbucks is the world's leading specialty coffee roaster and retailer, operating in 89 markets, with net revenues of 37.2 billion USD in fiscal 2025. The company is pursuing its Back to Starbucks strategy of renewed growth through restructuring, coffeehouse closures and staffing investment, and recent quarterly results show a recovery in comparable store sales.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Starbucks Corporation (SBUX) stock was 109.70 USD (+4.71% on the day), with market capitalisation 125.1 bn USD, P/E 63.2 on diluted EPS of 1.74 USD over the last 12 months, dividend yield 2.26%, beta 0.87, 52-week range 82.22–109.70 USD. Latest reported quarter (Q3 2026): revenue of 9.3 bn USD (−1.4% YoY), net income of 1.0 bn USD (+87.2% YoY), diluted EPS 0.91 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 74.2
- overbought (≥ 70)
- Bollinger (20, 2)
- 89.30 – 109.89
- in the upper half of the band · %B 0.99 · band width 20.7%
- SMA 50 / 200
- 99.23 / 100.04
- mixed trend
- MACD (12, 26, 9)
- 2.52 / 1.48
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +16.2% | −1.1% | +17.3 pp | — |
| 3 months | +3.5% | −0.5% | +3.9 pp | — |
| 6 months | +3.1% | +4.4% | −1.3 pp | — |
| Year to date | +30.3% | +12.3% | +18.0 pp | — |
| 1 year | +37.8% | +13.5% | +24.3 pp | −16.8% |
| 3 years | +6.9% | +76.4% | −69.5 pp | +1.7% |
| 5 years | −6.2% | +63.7% | −69.8 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 28 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9.1 bn | 9.4 bn | 8.8 bn | 9.5 bn | 9.6 bn | 9.9 bn | 9.5 bn | 9.3 bn |
| Operating income | 1.3 bn | 1.1 bn | 601.0 m | 935.6 m | 278.2 m | 890.8 m | 828.1 m | 980.4 m |
| Depreciation & amortisation | 401.4 m | 432.2 m | 418.9 m | 427.6 m | 456.0 m | 431.9 m | 389.2 m ≈ | 389.7 m ≈ |
| Interest expense | 140.0 m | 127.2 m | 127.3 m | 142.3 m | 145.8 m | 139.0 m | 137.0 m | 134.6 m |
| Pre-tax income | 1.2 bn | 1.0 bn | 502.1 m | 818.9 m | 163.9 m | 764.8 m | 728.1 m | 1.4 bn |
| Income tax | 284.1 m | 241.4 m | 118.0 m | 260.4 m | 30.7 m | 471.6 m | 217.3 m | 374.4 m |
| Net income | 909.2 m | 780.8 m | 384.2 m | 558.3 m | 133.2 m | 293.3 m | 510.9 m | 1.0 bn |
| Diluted EPS | 0.80 ≈ | 0.69 | 0.34 | 0.49 | 0.12 ≈ | 0.26 | 0.45 | 0.91 |
| Operating cash flow | 1.5 bn | 2.1 bn | 292.0 m ≈ | 1.0 bn ≈ | 1.4 bn | 1.6 bn | 364.5 m ≈ | 1.6 bn ≈ |
| Capex | 798.2 m | 692.9 m | 589.2 m ≈ | 567.4 m ≈ | 456.0 m | 323.7 m | 272.7 m ≈ | 291.4 m ≈ |
| Dividends paid | 646.0 m | 691.9 m | 693.0 m ≈ | 693.2 m ≈ | 693.3 m | 705.1 m | 706.3 m ≈ | 706.6 m ≈ |
| Share repurchases | 0 | 0 | 0 ≈ | 0 ≈ | 0 | — | — | — |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 86 percentile of its own 43-quarter history (min 15.3, median 29.9, max 182.2; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 24.7 bn | 26.5 bn | 23.5 bn | 29.1 bn | 32.3 bn | 36.0 bn | 36.2 bn | 37.2 bn |
| Revenue YoY | +10.4% | +7.2% | −11.3% | +23.6% | +11.0% | +11.6% | +0.6% | +2.8% |
| Net income | 4.5 bn | 3.6 bn | 928.3 m | 4.2 bn | 3.3 bn | 4.1 bn | 3.8 bn | 1.9 bn |
| Net income YoY | +56.6% | −20.3% | −74.2% | +352.4% | −21.9% | +25.7% | −8.8% | −50.6% |
| Diluted EPS | 3.24 | 2.92 | 0.79 | 3.54 | 2.83 | 3.58 | 3.31 | 1.63 |
| Diluted EPS YoY | +64.5% | −9.9% | −72.9% | +348.1% | −20.1% | +26.5% | −7.5% | −50.8% |
| net % | 18.3% | 13.6% | 3.9% | 14.5% | 10.2% | 11.5% | 10.4% | 5.0% |
| Free cash flow | 10.0 bn | 3.2 bn | 114.2 m | 4.5 bn | 2.6 bn | 3.7 bn | 3.3 bn | 2.4 bn |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 28 Sept 2025
- Cash
- 3.2 bn USD
- Financial debt
- 16.1 bn USD
- Net debt
- 12.9 bn USD
- Equity
- -8.1 bn USD
- Total assets
- 32.0 bn USD
- Debt / equity
- unavailable
- Current ratio
- 0.72x
- ROE
- unavailable
- ROA
- 5.9%
- FCF margin
- 6.6%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 23.5 bn | 29.1 bn | 32.3 bn | 36.0 bn | 36.2 bn | 37.2 bn | SEC (XBRL)· 14 Nov 2025verified |
| Operating income | 1.6 bn | 4.9 bn | 4.6 bn | 5.9 bn | 5.4 bn | 2.9 bn | SEC (XBRL)· 14 Nov 2025verified |
| Depreciation & amortisation | 1.5 bn | 1.5 bn | 1.5 bn | 1.5 bn | 1.6 bn | 1.8 bn | SEC (XBRL)· 14 Nov 2025verified |
| EBITDA | 3.1 bn ≈ | 6.4 bn ≈ | 6.1 bn ≈ | 7.3 bn ≈ | 7.0 bn ≈ | 4.7 bn ≈ | SEC (XBRL)· 14 Nov 2025derived |
| Interest expense | 437.0 m | 469.8 m | 482.9 m | 550.1 m | 562.0 m | 542.6 m | SEC (XBRL)· 14 Nov 2025verified |
| Pre-tax income | 1.2 bn | 5.4 bn | 4.2 bn | 5.4 bn | 5.0 bn | 2.5 bn | SEC (XBRL)· 14 Nov 2025verified |
| Income tax | 239.7 m | 1.2 bn | 948.5 m | 1.3 bn | 1.2 bn | 650.6 m | SEC (XBRL)· 14 Nov 2025verified |
| Net income | 928.3 m | 4.2 bn | 3.3 bn | 4.1 bn | 3.8 bn | 1.9 bn | SEC (XBRL)· 14 Nov 2025verified |
| Diluted EPS | 0.79 | 3.54 | 2.83 | 3.58 | 3.31 | 1.63 | SEC (XBRL)· 14 Nov 2025verified |
| Weighted average diluted shares | 1.2 bn | 1.2 bn | 1.2 bn | 1.2 bn | 1.1 bn | 1.1 bn | SEC (XBRL)· 14 Nov 2025verified |
| Dividend per share | 1.23 | 2.29 | 2.00 | 2.16 | 2.32 | 2.45 | SEC (XBRL)· 14 Nov 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 4.4 bn | 6.5 bn | 2.8 bn | 3.6 bn | 3.3 bn | 3.2 bn | SEC (XBRL)· 14 Nov 2025verified |
| Receivables | 883.4 m | 940.0 m | 1.2 bn | 1.2 bn | 1.2 bn | 1.3 bn | SEC (XBRL)· 14 Nov 2025verified |
| Inventories | 1.6 bn | 1.6 bn | 2.2 bn | 1.8 bn | 1.8 bn | 2.2 bn | SEC (XBRL)· 14 Nov 2025verified |
| Current assets | 7.8 bn | 9.8 bn | 7.0 bn | 7.3 bn | 6.8 bn | 7.4 bn | SEC (XBRL)· 14 Nov 2025verified |
| Property, plant & equipment, net | 6.2 bn | 6.4 bn | 6.6 bn | 7.4 bn | 8.7 bn | 8.5 bn | SEC (XBRL)· 14 Nov 2025verified |
| Goodwill | 3.6 bn | 3.7 bn | 3.3 bn | 3.2 bn | 3.3 bn | 3.4 bn | SEC (XBRL)· 14 Nov 2025verified |
| Intangibles (excl. goodwill) | 552.1 m | 349.9 m | 155.9 m | 120.5 m | 100.9 m | 166.8 m | SEC (XBRL)· 14 Nov 2025verified |
| Total assets | 29.4 bn | 31.4 bn | 28.0 bn | 29.4 bn | 31.3 bn | 32.0 bn | SEC (XBRL)· 14 Nov 2025verified |
| Accounts payable | 997.9 m | 1.2 bn | 1.4 bn | 1.5 bn | 1.6 bn | 1.9 bn | SEC (XBRL)· 14 Nov 2025verified |
| Short-term debt | 438.8 m | 0 | 175.0 m | 33.5 m | 0 | 1.5 bn | SEC (XBRL)· 14 Nov 2025verified |
| Long-term debt | 14.7 bn | 13.6 bn | 13.1 bn | 13.5 bn | 14.3 bn | 14.6 bn | SEC (XBRL)· 14 Nov 2025verified |
| Current liabilities | 7.3 bn | 8.2 bn | 9.2 bn | 9.3 bn | 9.1 bn | 10.2 bn | SEC (XBRL)· 14 Nov 2025verified |
| Total liabilities | 37.2 bn | 36.7 bn | 36.7 bn | 37.4 bn | 38.8 bn | 40.1 bn | SEC (XBRL)· 14 Nov 2025verified |
| Equity | -7.8 bn | -5.3 bn | -8.7 bn | -8.0 bn | -7.4 bn | -8.1 bn | SEC (XBRL)· 14 Nov 2025verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.6 bn | 6.0 bn | 4.4 bn | 6.0 bn | 6.1 bn | 4.7 bn | SEC (XBRL)· 14 Nov 2025verified |
| Capex | 1.5 bn | 1.5 bn | 1.8 bn | 2.3 bn | 2.8 bn | 2.3 bn | SEC (XBRL)· 14 Nov 2025verified |
| Free cash flow | 114.2 m ≈ | 4.5 bn ≈ | 2.6 bn ≈ | 3.7 bn ≈ | 3.3 bn ≈ | 2.4 bn ≈ | SEC (XBRL)· 14 Nov 2025derived |
| Investing cash flow | -1.7 bn | -319.5 m | -2.1 bn | -2.3 bn | -2.7 bn | -2.5 bn | SEC (XBRL)· 14 Nov 2025verified |
| Financing cash flow | 1.7 bn | -3.7 bn | -5.6 bn | -3.0 bn | -3.7 bn | -2.3 bn | SEC (XBRL)· 14 Nov 2025verified |
| Dividends paid | 1.9 bn | 2.1 bn | 2.3 bn | 2.4 bn | 2.6 bn | 2.8 bn | SEC (XBRL)· 14 Nov 2025verified |
| Share repurchases | 1.7 bn | 0 | 4.0 bn | 984.4 m | 1.3 bn | 0 | SEC (XBRL)· 14 Nov 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 39 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 125.1 bn USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet45
- Valuation25
- Quality86
- Growth20
- Returns44
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 23.94 – 113.37 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)40.96 – 69.51 (Mid 51.84)WACC 8.8% · starting FCFF 4.0 bn USD · terminal value share of EV 75%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): 37.6%
- Peers: EV/EBITDAunavailable · not enough peers
- Peers: P/E23.94 – 113.37 (Mid 65.83)4 companies used · median multiple 37.9x · quartiles 13.8x – 65.3xBROS, CHA, SHAK, WEN
- Dividend discount (DDM)32.20 – 43.30 (Mid 36.93)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 39/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 5.2% | 71 (vs peers) | 7% |
| FCF conversion · Quality | 183.7% | 100 (on a fixed band) | 7% |
| Revenue CAGR 3Y · Growth | 4.9% | 40 (on a fixed band) | 9% |
| EPS CAGR 3Y · Growth | -16.8% | 0 (on a fixed band) | 9% |
| Net debt / EBITDA · Balance sheet | 2.1x | 54 (on a fixed band) | 12% |
| Interest coverage · Balance sheet | 5.4x | 59 (on a fixed band) | 7% |
| Current ratio · Balance sheet | 0.8x | 0 (on a fixed band) | 5% |
| P/E (TTM) · Valuation | 63.2x | 40 (vs peers) | 12% |
| EV/EBITDA · Valuation | 29.0x | 0 (on a fixed band) | 12% |
| FCF yield · Valuation | 2.9% | 36 (on a fixed band) | 9% |
| Shareholder yield (distributions) · Returns | 2.2% | 32 (on a fixed band) | 7% |
| Payout ratio (FCF) · Returns | 77.2% | 61 (on a fixed band) | 5% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet45/100 · 3/3 factors with a value
- Growth20/100 · 2/2 factors with a value
- Quality86/100 · 2/3 factors with a value
- Returns44/100 · 2/2 factors with a value
- Valuation25/100 · 3/3 factors with a value
Memo
Starbucks Corporation (SBUX). Latest full fiscal year: 2025; data up to 2026-06-28.
Figures computed from the financial statements: revenue 37.2 bn USD in 2025; YoY growth 2.8%; net margin 5.2%; net debt/EBITDA 2.1x.
The estimated value range is 32.20–69.51 USD per share (median of 3 methods, agreement: low); assumptions are illustrative. Against the central value of 51.84 USD, the price of 109.70 USD leaves a potential of -52.7% (value / price − 1) and a margin of safety of -111.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 39/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 5.2%
- FCF conversion: 183.7%
What contradicts it
- EPS CAGR 3Y: -16.8%
- Current ratio: 0.8x
- EV/EBITDA: 29.0x
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC.
Versus the vertical median
Retail-Eating & Drinking Places (SIC 5810) · same industry (4-digit SIC) · compared with 7 companies
The size band was not applied: too few companies would have remained; the vertical includes much smaller or larger companies.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| SBUXStarbucks Corporation | 125.1 bn | 63.2 | — | 5.2% | +2.8% | +38% / +7% |
| BROSDutch Bros Inc. | 6.8 bn | 61.3 | 12.9% | 4.9% | +27.9% | −25% / +65% |
| CHAChagee Holdings Ltd. | 2.4 bn | 14.5 | 16.0% | 9.1% | unavailable | −15% / unavailable |
| WENWendy's Co | 1.5 bn | 11.6 | 108.0% | 5.7% | −3.1% | −9% / −59% |
| CNNECannae Holdings, Inc. | 792.4 m | — | -13.3% | -38.2% | −6.4% | +13% / +2% |
| SDOTSadot Group Inc. | 7.8 m | — | -486.7% | -24.1% | −64.8% | −90% / −99% |
| BRCBBlack Rock Coffee Bar, Inc. | — | 190.7 | 2.8% | 0.7% | +24.5% | −52% / unavailable |
| SHAKShake Shack Inc. | — | 77.2 | 7.7% | 2.6% | +15.4% | −17% / +20% |
1- and 3-year price returns: for SBUX from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 65.17 Total return -39% · Per year -39% | 115.19 Total return 7% · Per year 7% | 173.49 Total return 60% · Per year 60% |
| 3 years | 63.71 Total return -38% · Per year -15% | 126.66 Total return 21% · Per year 6% | 209.39 Total return 97% · Per year 25% |
| 5 years | 62.28 Total return -37% · Per year -9% | 139.27 Total return 36% · Per year 6% | 252.71 Total return 143% · Per year 19% |
- Exit P/E± 31.67
- Net margin± 22.17
- Annual revenue growth± 18.13
- Annual dilution± 1.86
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 29 Jul 2026; since then the company filed 8-K (29 Oct 2026 · results).
In brief
Starbucks is the world's leading specialty coffee roaster and retailer, operating in 89 markets, with net revenues of 37.2 billion USD in fiscal 2025 1. The company is pursuing its Back to Starbucks strategy of renewed growth through restructuring, coffeehouse closures and staffing investment, and recent quarterly results show a recovery in comparable store sales 3.
SWOT
Strengths
Weaknesses
Opportunities
Risks
- Execution of Back to Starbuckshigh
The restructuring and staffing investments might not deliver expected results, especially if costs exceed estimates 1.
- Reliance on the U.S. markethigh
A weak North America segment could strongly affect consolidated results, given its large share of revenue 1.
- Coffee costs and tariffsmedium
Raw material inflation and tariffs could reduce operating margin if they cannot be passed on to customers 1.
- Food safety risksmedium
Contamination or mislabelling incidents could lead to lost sales, recalls and reputational damage 1.
- Licensed partnerslow
Service quality and brand standards depend on licensed partners that the company does not control directly 1.
Investment thesis
What would need to be true (bull case)
- If the recovery in comparable sales and traffic holds, the company could rebuild operating margin and sustain its dividend 3.
- The global brand and large store network provide a solid base for growth in existing and new markets 1.
- The China joint venture and licensed model could reduce costs and add financial flexibility 3.
What would break the thesis
- If margins do not recover, stable revenues may not be enough to fund investment and shareholder distributions, cautious analysts might argue 1.
- Dependence on discretionary spending and U.S. traffic could leave results exposed to an economic slowdown 1.
- Restructuring and store closures could bring extra costs and lost sales during the transition period 1.
What to watch
- Fourth-quarter results and final fiscal 2026 guidanceQ4 2026
- Development of U.S. comparable store sales and transactionsQ4 2026
- Effects of the China joint venture on revenues and margins2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 29 Jul 2026; since then the company filed 8-K (29 Oct 2026 · results).
The business
Starbucks is a roaster, marketer and retailer of specialty coffee, with the flagship Starbucks Coffee brand plus Teavana, Ethos and Starbucks Reserve 1. It sells coffee, tea and beverages through company-operated coffeehouses and licensed stores, as well as through channels such as the Global Coffee Alliance with Nestlé 1. Company-operated stores generated 83% of total net revenues in fiscal 2025 1.
The model combines owned stores with licensed stores, which allows expansion into new markets without carrying all operating costs 1. The company also runs a digital platform, loyalty and delivery initiatives as part of its growth strategy 1. It employed approximately 381,000 people at the end of fiscal 2025 1.
Segments
Market context
The global specialty coffee market is dominated by large chains and coffee producers, and Starbucks bases its position on its brand, store network and purchasing scale 1. Revenues rose 3% in fiscal 2025, but profitability fell under the weight of investment and restructuring costs 1.
Demand depends on discretionary consumer spending, while coffee prices and tariffs can affect costs and pricing 1. The third quarter of fiscal 2026 shows a return of traffic to stores, with comparable transactions growing 3.
Trends
- Back to Starbucks strategymixed
The recovery plan aims to rebuild the coffeehouse experience, invest in staff and close unprofitable stores; gains appear as comparable sales grow 13.
- Recovery in store traffictailwind
Growth in comparable transactions in the third quarter of fiscal 2026 suggests a recovery in U.S. demand, if the trend holds 3.
- Coffee costs and tariffsheadwind
Volatile coffee prices and tariffs could pressure margins, although tariff refunds helped recent quarterly results 13.
- China joint venturemixed
The venture with Boyu Capital reduces direct retail exposure in China but could accelerate long-term growth if execution is sound 13.
Competitive position
Starbucks competes with coffee chains, independent cafés and coffee producers in retail and ready-to-drink beverages 1. Its advantages include global brand recognition, its store network and distribution partnerships, but price and experience competition remains intense 1.
- Nestlé
Partner in the Global Coffee Alliance and competitor in retail coffee products, a source of channel revenue 1.
- PepsiCoPEP
Partner for ready-to-drink beverages in the Channel Development segment 1.
- Global coffee chains
Competitors in the U.S. and international markets that influence pricing and store traffic 1.
- Independent cafés
Local competitors that attract customers with distinctive products and community ties 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Starbucks’ Pay-to-Sit Policy Tests ‘Third Place’ Image in ChinaSixth Tone · 04 Nov 2026 · EN
- Din online, direct în viața reală: Ani-K Mania a transformat Mega Mall în locul de întâlnire al fanilor de anime, cosplay și K-popLibertatea.ro · 02 Nov 2026 · RO
- I tested Apple's $2,000 iPhone Duo. It's a fascinating experiment, but the price is hard to justify.Axios · 02 Nov 2026 · EN
- Wall Street încheie săptămâna cu scăderi puternice. Acțiunile companiilor tehnologice se prăbușesc pe fondul îngrijorărilor privind investițiile în inteligența artificială - Capital.roCapital.ro · 30 Oct 2026 · RO
- Starbucks wants to use AI to show you a ‘personalized digital menu’ at the drive-thruThe Verge · 30 Oct 2026 · EN
- Starbucks Could Become a Multi-Brand Company, CEO SaysBloomberg Markets · 30 Oct 2026 · EN
- Starbucks CEO Is Focused on Growth Plan, FundamentalsBloomberg Markets · 30 Oct 2026 · EN
- Starbucks serves up a solid quarter and full-year outlook. Why we're staying investedCNBC World · 29 Oct 2026 · EN
- A Starbucks turnaround is brewing — but perhaps not quickly enoughMarketWatch — Top Stories · 29 Oct 2026 · EN
- Starbucks Foot Traffic Outpaces the Competition, Says HottovyBloomberg Markets · 29 Oct 2026 · EN
- Starbucks is about to report earnings. Here's what to expectCNBC — Top News · 29 Oct 2026 · EN
- From Starbucks to Uber: Airline and hotel partnerships that earn points and milesThe Points Guy · 28 Oct 2026 · EN
- Ora exactă! De la ceasul roz al lui Yamal la milionul de la mână al lui Kane - GSPSurge — Google News · 28 Oct 2026 · RO
- Bearista cups are returning at Starbucks. Can the viral sensation boost holiday sales again?CNBC — Top News · 28 Oct 2026 · EN
- IBM Introduces Identity and Control for AI Agents , Securing Frontier Intelligence for the EnterpriseSurge — GDELT DOC · 27 Oct 2026 · RO
- How to double-, triple- or even quadruple-dip on dining rewardsThe Points Guy · 23 Oct 2026 · EN
- I earned a free coffee after just 5 visits with this rewarding loyalty programThe Points Guy · 22 Oct 2026 · EN
- Nestlé a înregistrat o creștere organică de 3,7% în primele nouă luni din 2026 - www.revistacariere.roSurge — Google News · 22 Oct 2026 · RO
- Grupul Nestlé raportează vânzările din trimestrul al treilea și din primele nouă luni ale anului 2026 - PRwave.roSurge — Google News · 22 Oct 2026 · RO
- No purchase, no seats: Starbucks China rolls out new policyBBC World News · 22 Oct 2026 · EN
SEC filings
- Current report29 Oct 2026Results of operations · Financial statements and exhibits
- Current report24 Sept 2026Exit or disposal costs · Regulation FD disclosure
- Quarterly report29 Jul 2026
- Current report29 Jul 2026Results of operations · Financial statements and exhibits
- Current report12 Jun 2026Departure or appointment of officers
- Current report20 May 2026Other events
- Current report15 May 2026Exit or disposal costs
- Quarterly report28 Apr 2026
- Current report28 Apr 2026Results of operations · Financial statements and exhibits
- Current report02 Apr 2026Regulation FD disclosure · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-09-28 · SEC / Starbucks Corporation · 14 Nov 2025
- [2] Form 10-Q, quarter ended 2026-06-28 · SEC / Starbucks Corporation · 29 Jul 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Starbucks Corporation · 29 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.