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Here's What Key Metrics Tell Us About Starbucks (SBUX) Q2 Earnings

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Starbucks (SBUX) reported $8.76 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 2.3%. EPS of $0.41 for the same period compares to $0.68 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $8.79 billion, representing a surprise of -0.31%. The company delivered an EPS surprise of -16.33%, with the consensus EPS estimate being $0.49.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Starbucks performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total Stores: 40,789 versus 40,887 estimated by nine analysts on average.

  • Comparable Store Sales - North America - Sales Growth: -1% versus the nine-analyst average estimate of -0.8%.

  • Comparable Store Sales - International - Sales Growth: 2% versus -0.8% estimated by nine analysts on average.

  • Comparable store sales - YoY change: -1% versus the eight-analyst average estimate of -0.8%.

  • Net Revenues- North America: $6.47 billion versus the five-analyst average estimate of $6.57 billion. The reported number represents a year-over-year change of +1.5%.

  • Net Revenues- International: $1.87 billion compared to the $1.85 billion average estimate based on five analysts. The reported number represents a change of +6.3% year over year.

  • Net Revenues- Company-operated stores- North America: $5.86 billion versus $5.91 billion estimated by five analysts on average.

  • Net Revenues- Other- International: $38.10 million compared to the $26.36 million average estimate based on five analysts.

  • Net Revenues- Company-operated stores: $7.29 billion versus the nine-analyst average estimate of $7.29 billion. The reported number represents a year-over-year change of +3.3%.

  • Net Revenues- Licensed stores: $1.02 billion compared to the $1.05 billion average estimate based on nine analysts. The reported number represents a change of -3.7% year over year.

  • Net Revenues- Other: $460.60 million versus the nine-analyst average estimate of $456.59 million. The reported number represents a year-over-year change of +1%.

  • Net Revenues- Channel Development: $409 million versus $422.80 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -2.2% change.