Starbucks Corporation
SBUX
Jodie read · what matters now
Revenue increased 8.8% versus the comparable filing period.
The story is only the start. Jodie keeps watching the filing evidence, the companies connected to SBUX, and whether its market group begins moving.
Latest filing assessment · baseline
Fundamentals strengthened in the latest filing
10-Q filed 2026-04-28 against the comparable filing from 2025-04-29.
What improved
- Revenue increased 8.8% versus the comparable filing period.
- Operating margin improved 1.8 percentage points.
- Net income increased 33.0% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“For the two quarters ended March 29, 2026, compared with the two quarters ended March 30, 2025 Product and distribution costs as a percentage of total net revenues increased 230 basis points for the first two quarters of fiscal 2026, largely due to inflationary pressures (approximately 120 basis points), primarily driven by elevated coffee pricing and tariffs, and mix shift (70 basis points).”
“Operating margin contracted 680 basis points to 41%, primarily driven by lower income from the North American Coffee Partnership joint venture relative to segment revenue growth (approximately 550 basis points) and other product mix shifts (160 basis points).”
“Operating margin contracted 660 basis points to 41%, primarily driven by product mix shifts (approximately 470 basis points) and lower North American Coffee Partnership joint venture income growth relative to segment revenue growth (230 basis points).”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Who this business touches
The relationships behind SBUX
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Depended on by
Filing peers
Companies whose filings use similar operating language.
You can see the shape of the network here. Pro opens 13 more links, the original filing receipts, and alerts when connected names begin moving. See Pro →
What is moving around it
Live connections
SBUX is currently a Early Follower in the organic co-movement group Medical Devices & Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for SBUX; it is not active in the latest market snapshot.
Theme membership history
No durable theme membership has been observed for this name yet.