SBUX - Dolphin Research

SBUX

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Dolphin ResearchSep 10 at 10:44 AM

SBUX: Retreat from China—Can the Coffee King Rebound on Home Turf?

U.S. comps have turned negative in recent years, China has been 'lost', and growth has stalled.

How much is this cash cow still worth?

40% 35% 30% 25% DolphinResearch 20% SBUX Mobile order&pay Share in US 15% 10% 5%

Starbucks store count estimation 25，000 DolphinResearch DolphinResear Research s

Starbucks store density by region hinResearch DolphinResear DolphinResearch 店/10

+7

Starbucks

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SBUXDeep Research

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Dolphin ResearchJul 30 at 04:18 AM

SBUX: Past the Darkest Hour, Reborn?

This print marks the first time revenue momentum has truly flowed through to the bottom line. Same-store sales, margins, and EPS all beat, and full-year guidance was raised.

SBUX 3Q26 results wrap USD'00mm 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q2

Starbucks Business Overview Business Segment Business Composition Notes Store re

SBUX total revenue change Total revenues 14% 12% earch 11% 100 DolphinResearch Y

+14

Starbucks

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SBUXFinancial Analysis

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Dolphin ResearchJul 30 at 12:09 AM

SBUX (Trans): Raises margin guidance

Below is Dolphin Research's compiled earnings call Trans for $Starbucks(SBUX.US) FY26Q3. Core info recap — Results: Q3 consolidated net revenue came in at $9.3bn (-1% YoY), with the decline mainly driven by China retail moving this quarter to a new JV-licensed structure.

Global comps rose 7.9% YoY, with sequential improvement. Transactions were up over 4%, marking the fourth straight quarter of positive global comps. Consolidated OPM was 14.4% (+430bps YoY)...

Starbucks

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SBUXConference Minutes

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Dolphin ResearchJul 21 at 10:58 AM