Starbucks reports fiscal Q4 2026 earnings on October 29, with consensus estimates centered on EPS of roughly $0.71 and revenue near $9.2 billion. Trader consensus heavily favors a miss, reflecting persistent margin pressure from elevated coffee costs, labor expenses, and store-closure impacts that have offset recent comparable-sales gains. U.S. consumer sentiment remains a headwind, and revenue is projected to decline year-over-year, limiting operating leverage despite the company’s ongoing turnaround initiatives. With the report only days away, any material deviation in same-store sales or forward guidance could still shift outcomes, though current pricing embeds limited room for an upside surprise relative to analyst models.