Starbucks Q3 Preview: Report Could Show Consumers Ditching Lattes For Living Rooms — Or Sipping Elsewhere

Coffee chain Starbucks Corporation (NASDAQ:SBUX) could show more signs of a turnaround, or hints that competition is gaining market share, when the company reports third-quarter financial results Tuesday after market close.

Check out Starbucks’ stock current price here.

Here are the earnings estimates, what analysts are saying and key items to watch.

Earnings Estimates: Analysts expect Starbucks to report third-quarter revenue of $9.29 billion, up from $9.11 billion in last year's third quarter, according to data from Benzinga Pro.

The company missed analyst estimates for revenue last quarter and missed estimates in seven of the past 10 quarters.

Analysts expect the company to post third-quarter earnings per share of 65 cents, down from 93 cents per share in last year's third quarter. The company missed analyst estimates last quarter and has missed estimates for earnings per share in five of the past 10 quarters.

What Analysts Are Saying: Starbucks rolling out the Green Apron staffing model in the U.S. could be a headwind to 2026 and 2027 earnings, TD Cowen analyst Andrew Charles said ahead of the earnings report.

The analyst maintained a Hold rating and price target of $90.

Charles said the Green Apron model could increase labor costs for Starbucks by 12% at its U.S. stores, with the rollout of the assistant store manager position at all U.S. company-owned stores adding ...