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Starbucks: the coffee giant has to prove the turnaround reaches traffic and margins
Starbucks reported FY2025 revenue of $37.2 billion and fiscal Q2 2026 revenue of $9.5 billion. The thesis depends on traffic recovery, store execution, labor costs, China performance, loyalty engagement and margin repair.
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Starbucks: the coffee giant has to prove the turnaround reaches traffic and marginsStarbucks reported FY2025 revenue of $37.2 billion and fiscal Q2 2026 revenue of $9.5 billion. The thesis depends on traffic recovery, store execution, labor costs, China performance, loyalty engagement and margin repair.NASDAQMay 19, 2026Research reportReadSlides