Consumers walk in front of a Starbucks coffee shop in Galeria Krakowska shopping mall in central Krakow, Poland, on July 11, 2025.
Dominika Zarzycka | Nurphoto | Getty Images
Starbucks is expected to report its fiscal third-quarter earnings after the bell on Tuesday.
Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report:
- Earnings per share: 65 cents expected
- Revenue: $9.31 billion expected
For five straight quarters, the coffee giant has reported shrinking same-store sales as demand flounders in the U.S. and China, its two largest markets. Analysts are forecasting that the streak will continue in its latest quarter, with same-store sales projected to fall 1.3%, based on StreetAccount estimates.
Under CEO Brian Niccol, Starbucks has been slimming down its menu, trying to speed up service and adding more labor to cafes to turn around its struggling U.S. business. The chain is also training its baristas on its new “Green Apron Service” program, which stresses hospitality to encourage customers to return more often.
But not all of the company’s challenges are internal. Tariffs, volatile coffee prices and broader economic concerns are also weighing on Starbucks.
To fix its ailing China business, the company is weighing strategic options, including selling a stake. Some buyers are reportedly valuing Starbucks China at as much as $10 billion, CNBC has previously reported. Since the Covid-19 pandemic, Starbucks has lost customers to fast-growing Chinese chains such as Luckin Coffee, which offer drinks at a much cheaper price.
In October, Starbucks suspended its forecast for fiscal 2025 as it unveiled the early stages of its turnaround strategy.
Shares of Starbucks have risen more than 1% this year. The company has a market cap of about $106 billion.