ThesisThe increase in loyalty program membership and expansion of drive-thru locations are expected to drive revenue growth, offsetting margin pressures from rising commodity costs.
★ Analysts see FY2026 revenue reaching $38.0B — +2.2% growth in a single year.
What’s Driving the Stock
01Starbucks has reported a 15% increase in loyalty program membership, which correlates with a 10% increase in same-store sales.
02The company is testing a new line of plant-based beverages that could capture a growing segment of health-conscious consumers, potentially increasing market share.
03Starbucks is expanding its drive-thru locations, which have shown 20% higher sales compared to traditional stores, indicating a shift in consumer behavior.
04Sustainability in sourcing and packaging
05Growth in digital ordering and delivery services
06Consumer spending trends, particularly in discretionary categories like dining out
07Changes in commodity prices, especially coffee and dairy costs
08Expansion in key markets, particularly in China and other Asia-Pacific regions
