Analysts expect Starbucks to report Q1 2026 revenue of $9.23 billion and earnings per share of $0.44, with the stock currently trading at $105.90, just below the average analyst price target of $106.93.
The primary focus for investors is the "Back to Starbucks" turnaround strategy led by CEO Brian Niccol, specifically targeting a recovery in U.S. transaction volume and foot traffic after recent declines.
Markets are watching for global same-store sales growth to rebound into the 3-4% range as the company implements store efficiencies and menu innovations. Additionally, the recent restructuring of the China business into a licensed model is expected to be a key driver for long-term margin stability and international scaling.