Financials Starbucks Corporation

Equities

SBUX

US8552441094

Restaurants & Bars

Market Closed - Nasdaq Other stock markets 02:30:00 17/01/2026 am IST			5-day change	1st Jan Change
92.99 ^USD	-0.31%		+4.62%	+10.43%

15/01	Citigroup Adjusts Price Target on Starbucks to $94 From $83, Maintains Neutral Rating	MT
15/01	VCI Global Limited Secures First Enterprise Asset Supply Partner for Its RWA Exchange, Unlocking Global Merchant Network Including Starbucks and Pizza Hut	CI

Projected Income Statement: Starbucks Corporation

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	29,061	32,250	35,976	36,176	37,184	38,336	41,026	43,315
Change	-	10.98%	11.55%	0.56%	2.79%	3.1%	7.02%	5.58%
EBITDA ¹	6,501	6,136	7,164	6,921	5,376	5,735	6,735	7,513
Change	-	-5.62%	16.76%	-3.39%	-22.32%	6.68%	17.44%	11.55%
EBIT ¹	5,262	4,855	5,801	5,409	3,692	4,012	4,920	5,604
Change	-	-7.73%	19.49%	-6.77%	-31.75%	8.67%	22.65%	13.89%
Interest Paid ¹	-469.8	-482.9	-550.1	-562	-542.6	-567.5	-574.3	-568.4
Earnings before Tax (EBT) ¹	5,357	4,232	5,402	4,970	2,507	3,574	4,469	5,241
Change	-	-21%	27.65%	-8%	-49.55%	42.56%	25.03%	17.27%
Net income ¹	4,199	3,282	4,124	3,761	1,856	2,676	3,349	3,904
Change	-	-21.85%	25.69%	-8.82%	-50.64%	44.15%	25.14%	16.58%
Announcement Date	28/10/21	03/11/22	02/11/23	30/10/24	29/10/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: September	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	6,749	6,668	7,496	8,147	8,050	7,636	8,150	8,414	8,714	8,720	9,168	9,374	9,425	8,563	9,114	9,074	9,398	8,762	9,456	9,569	9,633	9,030	9,748	9,936	10,360	9,763	10,522	10,968
Change	-	-1.21%	12.43%	8.67%	-1.18%	-5.15%	6.74%	3.24%	3.56%	0.07%	5.14%	2.24%	0.55%	-9.15%	6.43%	-0.44%	3.57%	-6.77%	7.93%	1.2%	0.66%	-6.26%	7.95%	1.93%	4.26%	-5.76%	7.78%	4.24%
EBITDA ¹	1,359	1,386	1,850	1,907	1,536	1,321	1,771	1,590	1,586	1,587	1,933	2,058	1,851	1,471	1,898	1,702	1,529	1,136	1,384	1,327	1,420	1,165	1,541	1,587	1,776	1,448	1,878	1,972
Change	-	1.99%	33.51%	3.1%	-19.45%	-14.02%	34.08%	-10.23%	-0.23%	0.04%	21.81%	6.43%	-10.06%	-20.53%	29.04%	-10.33%	-10.14%	-25.71%	21.82%	-4.12%	7.03%	-17.97%	32.3%	2.98%	11.89%	-18.49%	29.71%	5.02%
EBIT ¹	1,048	1,076	1,540	1,597	1,213	996.4	1,373	1,273	1,259	1,245	1,591	1,706	1,485	1,099	1,518	1,307	1,122	717.2	956.4	896.2	1,010	746.9	1,108	1,155	1,328	1,031	1,403	1,474
Change	-	2.61%	43.19%	3.7%	-24.06%	-17.86%	37.8%	-7.31%	-1.05%	-1.12%	27.78%	7.24%	-12.94%	-26.02%	38.09%	-13.88%	-14.17%	-36.06%	33.35%	-6.29%	12.71%	-26.05%	48.41%	4.19%	14.97%	-22.31%	35.98%	5.07%
Charge d'intérêts ¹	-120.7	-115	-113.4	-120.6	-115.3	-119.1	-123.1	-125.3	-129.7	-136.3	-140.9	-143.2	-140.1	-140.6	-141.3	-140	-127.2	-127.3	-142.3	-145.8	-140	-140.1	-142.6	-142.4	-144.9	-146	-147.2	-147.8
Earnings before Tax (EBT) ¹	808.3	889.9	1,411	2,248	1,062	876.1	1,192	1,101	1,135	1,210	1,464	1,593	1,379	992.4	1,404	1,194	1,022	502.1	818.9	163.9	858.2	661.2	1,003	1,063	1,185	909.6	1,285	1,380
Change	-	10.1%	58.59%	59.26%	-52.73%	-17.54%	36.08%	-7.63%	3.07%	6.57%	21.06%	8.8%	-13.43%	-28.04%	41.51%	-15%	-14.36%	-50.89%	63.1%	-79.99%	423.6%	-22.95%	51.69%	5.95%	11.53%	-23.26%	41.24%	7.44%
Net income ¹	622.2	659.4	1,153	1,764	815.9	674.5	912.9	878.3	855.2	908.3	1,142	1,219	1,024	772.4	1,055	909.3	780.8	384.2	558.3	133.1	655	489	740.4	802.4	888.9	679.7	963.4	1,032
Change	-	5.98%	74.92%	52.97%	-53.76%	-17.33%	35.34%	-3.79%	-2.63%	6.21%	25.7%	6.8%	-15.98%	-24.6%	36.56%	-13.79%	-14.13%	-50.79%	45.31%	-76.16%	392.11%	-25.34%	51.41%	8.37%	10.78%	-23.53%	41.75%	7.09%
Announcement Date	26/01/21	27/04/21	27/07/21	28/10/21	01/02/22	03/05/22	02/08/22	03/11/22	02/02/23	02/05/23	01/08/23	02/11/23	30/01/24	30/04/24	30/07/24	30/10/24	28/01/25	29/04/25	29/07/25	29/10/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Starbucks Corporation

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	7,998	12,226	11,848	12,282	12,855	14,046	14,849	15,707
Change	-	52.86%	-3.09%	3.66%	4.67%	9.26%	5.72%	5.78%
Announcement Date	28/10/21	03/11/22	02/11/23	30/10/24	29/10/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Starbucks Corporation

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	1,470	1,841	2,334	2,778	2,306	2,366	2,403	2,683
Change	-	25.26%	26.74%	19.02%	-16.99%	2.63%	1.57%	11.62%
Free Cash Flow (FCF) ¹	4,519	2,556	3,675	3,318	2,442	3,411	3,646	3,610
Change	-	-43.44%	43.78%	-9.71%	-26.4%	39.67%	6.91%	-1.01%
Announcement Date	28/10/21	03/11/22	02/11/23	30/10/24	29/10/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Starbucks Corporation

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	22.37%	19.03%	19.91%	19.13%	14.46%	14.96%	16.42%	17.35%
EBIT Margin (%)	18.11%	15.05%	16.13%	14.95%	9.93%	10.46%	11.99%	12.94%
EBT Margin (%)	18.43%	13.12%	15.02%	13.74%	6.74%	9.32%	10.89%	12.1%
Net margin (%)	14.45%	10.18%	11.46%	10.4%	4.99%	6.98%	8.16%	9.01%
FCF margin (%)	15.55%	7.93%	10.22%	9.17%	6.57%	8.9%	8.89%	8.33%
FCF / Net Income (%)	107.62%	77.89%	89.1%	88.23%	131.54%	127.45%	108.89%	92.47%
Profitability
ROA	13.82%	11.55%	14.19%	12.37%	5.86%	8.6%	10.84%	12.13%
ROE	-	-	-	-	-	-	-	-
Financial Health
Leverage (Debt/EBITDA)	1.23x	1.99x	1.65x	1.77x	2.39x	2.45x	2.2x	2.09x
Debt / Free cash flow	1.77x	4.78x	3.22x	3.7x	5.26x	4.12x	4.07x	4.35x
Capital Intensity
CAPEX / Current Assets (%)	5.06%	5.71%	6.49%	7.68%	6.2%	6.17%	5.86%	6.19%
CAPEX / EBITDA (%)	22.61%	30.01%	32.57%	40.13%	42.88%	41.25%	35.68%	35.7%
CAPEX / FCF (%)	32.53%	72.04%	63.5%	83.71%	94.41%	69.37%	65.91%	74.31%
Items per share
Cash flow per share ¹	5.052	3.797	5.219	5.378	4.165	4.113	5.03	5.868
Change	-	-24.84%	37.44%	3.04%	-22.55%	-1.26%	22.3%	16.66%
Dividend per Share ¹	2.29	2	2.16	2.32	2.45	2.504	2.616	2.833
Change	-	-12.66%	8%	7.41%	5.6%	2.22%	4.46%	8.29%
Book Value Per Share ¹	-4.51	-7.58	-6.997	-6.572	-7.122	-7.341	-7.41	-7.607
Change	-	-68.09%	7.69%	6.08%	-8.37%	-3.08%	-0.95%	-2.65%
EPS ¹	3.54	2.83	3.58	3.31	1.63	2.371	2.976	3.513
Change	-	-20.06%	26.5%	-7.54%	-50.76%	45.46%	25.52%	18.04%
Nbr of stocks (in thousands)	11,79,100	11,47,400	11,45,400	11,33,200	11,36,700	11,37,100	11,37,100	11,37,100
Announcement Date	28/10/21	03/11/22	02/11/23	30/10/24	29/10/25	-	-	-