Subtext

Starbucks Corporation SBUX

SectorConsumer Discretionary
Transcripts78
Date range2006-02-02 – 2025-04-29
Calls charted76

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-34-17+0+17+342006 Q12009 Q12011 Q32014 Q12016 Q32019 Q12021 Q32024 Q12006 Q1 · Overall: +16.92006 Q2 · Overall: +18.72006 Q3 · Overall: +12.32006 Q4 · Overall: +14.72007 Q3 · Overall: +11.72007 Q4 · Overall: +10.32008 Q1 · Overall: +9.52008 Q2 · Overall: +9.72008 Q3 · Overall: +3.72008 Q4 · Overall: +3.12009 Q1 · Overall: +3.02009 Q2 · Overall: +6.72009 Q3 · Overall: +16.92009 Q4 · Overall: +19.12010 Q1 · Overall: +20.32010 Q2 · Overall: +23.52010 Q3 · Overall: +21.82010 Q4 · Overall: +22.42011 Q1 · Overall: +18.62011 Q2 · Overall: +15.22011 Q3 · Overall: +17.42011 Q4 · Overall: +17.32012 Q1 · Overall: +14.32012 Q2 · Overall: +16.52012 Q3 · Overall: +12.82012 Q4 · Overall: +17.62013 Q1 · Overall: +15.22013 Q2 · Overall: +19.02013 Q3 · Overall: +20.72013 Q4 · Overall: +21.82014 Q1 · Overall: +15.52014 Q2 · Overall: +18.62014 Q3 · Overall: +24.02014 Q4 · Overall: +16.62015 Q1 · Overall: +16.52015 Q2 · Overall: +19.52015 Q3 · Overall: +21.72015 Q4 · Overall: +14.02016 Q1 · Overall: +14.52016 Q2 · Overall: +18.02016 Q3 · Overall: +16.42016 Q4 · Overall: +15.12017 Q1 · Overall: +11.52017 Q2 · Overall: +14.42017 Q3 · Overall: +15.82017 Q4 · Overall: +11.72018 Q1 · Overall: +12.92018 Q2 · Overall: +12.72018 Q3 · Overall: +12.82018 Q4 · Overall: +16.82019 Q1 · Overall: +17.32019 Q2 · Overall: +18.92019 Q3 · Overall: +16.32019 Q4 · Overall: +18.42020 Q1 · Overall: +11.62020 Q2 · Overall: +3.02020 Q3 · Overall: +11.32020 Q4 · Overall: +13.92021 Q1 · Overall: +13.72021 Q2 · Overall: +12.62021 Q3 · Overall: +15.92021 Q4 · Overall: +11.62022 Q1 · Overall: +10.32022 Q2 · Overall: +10.42022 Q3 · Overall: +15.52022 Q4 · Overall: +19.12023 Q1 · Overall: +18.82023 Q2 · Overall: +30.02023 Q3 · Overall: +19.92023 Q4 · Overall: +26.92024 Q1 · Overall: +20.32024 Q2 · Overall: -1.92024 Q3 · Overall: +18.52024 Q4 · Overall: +9.62025 Q1 · Overall: +15.62025 Q2 · Overall: +16.8
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-51-26+0+26+512006 Q12009 Q12011 Q32014 Q12016 Q32019 Q12021 Q32024 Q12006 Q1 · CEO: +31.22006 Q2 · CEO: +23.92006 Q3 · CEO: +21.12006 Q4 · CEO: +24.92007 Q3 · CEO: +19.82007 Q4 · CEO: +12.92008 Q1 · CEO: +20.12008 Q2 · CEO: +20.02008 Q3 · CEO: +17.22008 Q4 · CEO: +16.22009 Q1 · CEO: +14.02009 Q2 · CEO: +20.12009 Q3 · CEO: +27.72009 Q4 · CEO: +28.92010 Q1 · CEO: +29.92010 Q2 · CEO: +26.62010 Q3 · CEO: +33.92010 Q4 · CEO: +34.12011 Q1 · CEO: +26.82011 Q2 · CEO: +20.92011 Q3 · CEO: +26.02011 Q4 · CEO: +20.12012 Q1 · CEO: +14.62012 Q2 · CEO: +22.72012 Q3 · CEO: +19.12012 Q4 · CEO: +21.42013 Q1 · CEO: +22.42013 Q2 · CEO: +23.42013 Q3 · CEO: +26.32013 Q4 · CEO: +26.92014 Q1 · CEO: +21.72014 Q2 · CEO: +21.22014 Q3 · CEO: +25.62014 Q4 · CEO: +15.42015 Q1 · CEO: +21.72015 Q2 · CEO: +25.82015 Q3 · CEO: +19.32016 Q1 · CEO: +17.52016 Q2 · CEO: +20.52016 Q3 · CEO: +13.72016 Q4 · CEO: +11.22017 Q1 · CEO: +12.52017 Q2 · CEO: +22.32017 Q3 · CEO: +19.92017 Q4 · CEO: +19.02018 Q1 · CEO: +17.52018 Q2 · CEO: +15.32018 Q3 · CEO: +19.62018 Q4 · CEO: +18.02019 Q1 · CEO: +26.42019 Q2 · CEO: +35.02019 Q3 · CEO: +25.12019 Q4 · CEO: +26.52020 Q1 · CEO: +24.22020 Q2 · CEO: +9.52020 Q3 · CEO: +16.62020 Q4 · CEO: +22.12021 Q1 · CEO: +24.52021 Q2 · CEO: +22.12021 Q3 · CEO: +26.32021 Q4 · CEO: +17.92022 Q1 · CEO: +17.72022 Q2 · CEO: +11.72022 Q3 · CEO: +15.82022 Q4 · CEO: +25.52023 Q1 · CEO: +24.92023 Q2 · CEO: +38.32023 Q3 · CEO: +26.62023 Q4 · CEO: +29.92024 Q1 · CEO: +29.72024 Q2 · CEO: -9.42024 Q3 · CEO: +23.82024 Q4 · CEO: +14.22025 Q1 · CEO: +21.32025 Q2 · CEO: +24.12006 Q1 · CFO: +24.32006 Q2 · CFO: +19.22006 Q3 · CFO: +7.72006 Q4 · CFO: +10.22007 Q3 · CFO: +5.82007 Q4 · CFO: +8.62008 Q1 · CFO: +6.72008 Q2 · CFO: +5.42008 Q3 · CFO: -7.92008 Q4 · CFO: -6.12009 Q1 · CFO: -8.52009 Q2 · CFO: +0.02009 Q3 · CFO: +15.32009 Q4 · CFO: +15.52010 Q1 · CFO: +21.52010 Q2 · CFO: +25.02010 Q3 · CFO: +22.02010 Q4 · CFO: +19.92011 Q1 · CFO: +18.62011 Q2 · CFO: +15.12011 Q3 · CFO: +17.12011 Q4 · CFO: +20.02012 Q1 · CFO: +14.52012 Q2 · CFO: +16.22012 Q3 · CFO: +14.32012 Q4 · CFO: +19.32013 Q1 · CFO: +15.52013 Q2 · CFO: +19.12013 Q3 · CFO: +22.02013 Q4 · CFO: +23.42014 Q1 · CFO: +17.72014 Q2 · CFO: +15.82014 Q3 · CFO: +26.82014 Q4 · CFO: +16.12015 Q1 · CFO: +20.22015 Q2 · CFO: +18.92015 Q3 · CFO: +21.32016 Q1 · CFO: +15.82016 Q4 · CFO: +17.72017 Q1 · CFO: +13.82017 Q2 · CFO: +11.82017 Q3 · CFO: +21.52017 Q4 · CFO: +11.72018 Q1 · CFO: +11.12018 Q2 · CFO: +10.72018 Q3 · CFO: +12.72018 Q4 · CFO: +10.72019 Q1 · CFO: +19.22019 Q2 · CFO: +17.92019 Q3 · CFO: +20.42019 Q4 · CFO: +11.92020 Q1 · CFO: +24.02020 Q2 · CFO: +0.02020 Q3 · CFO: +11.72020 Q4 · CFO: +12.02021 Q1 · CFO: +8.42021 Q2 · CFO: +13.52021 Q3 · CFO: +12.22021 Q4 · CFO: +13.62022 Q1 · CFO: +10.62022 Q2 · CFO: +15.02022 Q3 · CFO: +20.42022 Q4 · CFO: +7.42023 Q1 · CFO: +13.62023 Q2 · CFO: +30.42023 Q3 · CFO: +28.52023 Q4 · CFO: +35.52024 Q1 · CFO: +26.72024 Q2 · CFO: +44.62024 Q3 · CFO: +29.02024 Q4 · CFO: +5.12025 Q1 · CFO: +18.62025 Q2 · CFO: +19.1
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-38-19+0+19+382006 Q12009 Q12011 Q32014 Q12016 Q32019 Q12021 Q32024 Q12006 Q1 · Prepared remarks: +22.62006 Q2 · Prepared remarks: +23.12006 Q3 · Prepared remarks: +17.92006 Q4 · Prepared remarks: +18.52007 Q3 · Prepared remarks: +19.22007 Q4 · Prepared remarks: +17.02008 Q1 · Prepared remarks: +16.52008 Q2 · Prepared remarks: +17.22008 Q3 · Prepared remarks: +5.02008 Q4 · Prepared remarks: +1.72009 Q1 · Prepared remarks: +5.82009 Q2 · Prepared remarks: +8.42009 Q3 · Prepared remarks: +26.92009 Q4 · Prepared remarks: +26.12010 Q1 · Prepared remarks: +30.42010 Q2 · Prepared remarks: +31.82010 Q3 · Prepared remarks: +29.42010 Q4 · Prepared remarks: +28.92011 Q1 · Prepared remarks: +25.62011 Q2 · Prepared remarks: +21.82011 Q3 · Prepared remarks: +26.52011 Q4 · Prepared remarks: +22.32012 Q1 · Prepared remarks: +22.82012 Q2 · Prepared remarks: +22.22012 Q3 · Prepared remarks: +20.42012 Q4 · Prepared remarks: +22.32013 Q1 · Prepared remarks: +22.12013 Q2 · Prepared remarks: +26.52013 Q3 · Prepared remarks: +26.42013 Q4 · Prepared remarks: +31.52014 Q1 · Prepared remarks: +26.22014 Q2 · Prepared remarks: +29.02014 Q3 · Prepared remarks: +32.22014 Q4 · Prepared remarks: +25.12015 Q1 · Prepared remarks: +24.82015 Q2 · Prepared remarks: +26.72015 Q3 · Prepared remarks: +26.72015 Q4 · Prepared remarks: +22.82016 Q1 · Prepared remarks: +23.32016 Q2 · Prepared remarks: +26.12016 Q3 · Prepared remarks: +20.72016 Q4 · Prepared remarks: +21.82017 Q1 · Prepared remarks: +22.62017 Q2 · Prepared remarks: +16.02017 Q3 · Prepared remarks: +25.42017 Q4 · Prepared remarks: +19.12018 Q1 · Prepared remarks: +16.82018 Q2 · Prepared remarks: +19.62018 Q3 · Prepared remarks: +21.62018 Q4 · Prepared remarks: +23.62019 Q1 · Prepared remarks: +25.22019 Q2 · Prepared remarks: +31.02019 Q3 · Prepared remarks: +26.52019 Q4 · Prepared remarks: +21.02020 Q1 · Prepared remarks: +24.42020 Q2 · Prepared remarks: +4.12020 Q3 · Prepared remarks: +16.12020 Q4 · Prepared remarks: +16.22021 Q1 · Prepared remarks: +23.52021 Q2 · Prepared remarks: +20.12021 Q3 · Prepared remarks: +24.02021 Q4 · Prepared remarks: +18.12022 Q1 · Prepared remarks: +13.22022 Q2 · Prepared remarks: +15.72022 Q3 · Prepared remarks: +21.02022 Q4 · Prepared remarks: +24.82023 Q1 · Prepared remarks: +24.02023 Q2 · Prepared remarks: +32.72023 Q3 · Prepared remarks: +30.12023 Q4 · Prepared remarks: +31.02024 Q1 · Prepared remarks: +28.42024 Q2 · Prepared remarks: +4.32024 Q3 · Prepared remarks: +31.92024 Q4 · Prepared remarks: +13.82025 Q1 · Prepared remarks: +27.92025 Q2 · Prepared remarks: +25.12006 Q1 · Q&A responses: +13.12006 Q2 · Q&A responses: +18.52006 Q3 · Q&A responses: +11.52006 Q4 · Q&A responses: +12.52007 Q3 · Q&A responses: +8.02007 Q4 · Q&A responses: +4.72008 Q1 · Q&A responses: +8.82008 Q2 · Q&A responses: +9.52008 Q3 · Q&A responses: +6.62008 Q4 · Q&A responses: +10.72009 Q1 · Q&A responses: +3.82009 Q2 · Q&A responses: +11.72009 Q3 · Q&A responses: +9.62009 Q4 · Q&A responses: +15.42010 Q1 · Q&A responses: +15.02010 Q2 · Q&A responses: +19.82010 Q3 · Q&A responses: +17.12010 Q4 · Q&A responses: +19.82011 Q1 · Q&A responses: +13.52011 Q2 · Q&A responses: +11.72011 Q3 · Q&A responses: +14.52011 Q4 · Q&A responses: +15.92012 Q1 · Q&A responses: +11.62012 Q2 · Q&A responses: +13.92012 Q3 · Q&A responses: +11.52012 Q4 · Q&A responses: +17.72013 Q1 · Q&A responses: +13.62013 Q2 · Q&A responses: +18.42013 Q3 · Q&A responses: +22.42013 Q4 · Q&A responses: +16.72014 Q1 · Q&A responses: +13.42014 Q2 · Q&A responses: +13.02014 Q3 · Q&A responses: +21.72014 Q4 · Q&A responses: +8.22015 Q1 · Q&A responses: +9.72015 Q2 · Q&A responses: +16.92015 Q3 · Q&A responses: +18.42015 Q4 · Q&A responses: +10.82016 Q1 · Q&A responses: +10.92016 Q2 · Q&A responses: +17.02016 Q3 · Q&A responses: +16.42016 Q4 · Q&A responses: +14.02017 Q1 · Q&A responses: +10.02017 Q2 · Q&A responses: +17.92017 Q3 · Q&A responses: +12.62017 Q4 · Q&A responses: +11.72018 Q1 · Q&A responses: +13.52018 Q2 · Q&A responses: +13.22018 Q3 · Q&A responses: +11.42018 Q4 · Q&A responses: +15.72019 Q1 · Q&A responses: +19.02019 Q2 · Q&A responses: +17.42019 Q3 · Q&A responses: +16.72019 Q4 · Q&A responses: +21.62020 Q1 · Q&A responses: +15.42020 Q2 · Q&A responses: +8.32020 Q3 · Q&A responses: +11.92020 Q4 · Q&A responses: +17.02021 Q1 · Q&A responses: +11.22021 Q2 · Q&A responses: +13.62021 Q3 · Q&A responses: +14.62021 Q4 · Q&A responses: +10.52022 Q1 · Q&A responses: +16.12022 Q2 · Q&A responses: +10.72022 Q3 · Q&A responses: +15.52022 Q4 · Q&A responses: +17.82023 Q1 · Q&A responses: +19.42023 Q2 · Q&A responses: +30.92023 Q3 · Q&A responses: +22.02023 Q4 · Q&A responses: +30.22024 Q1 · Q&A responses: +22.92024 Q2 · Q&A responses: +5.22024 Q3 · Q&A responses: +15.22024 Q4 · Q&A responses: +10.72025 Q1 · Q&A responses: +15.22025 Q2 · Q&A responses: +19.8
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.23$2.93$4.632006 Q12009 Q12011 Q32014 Q12016 Q32019 Q12021 Q32024 Q12014 Q1: $1.462014 Q2: $1.522014 Q3: $1.582014 Q4: $1.632015 Q1: $1.702015 Q2: $1.792015 Q3: $1.872015 Q4: $1.962016 Q1: $2.042016 Q2: $2.122016 Q3: $2.162016 Q4: $2.222017 Q1: $2.292017 Q2: $2.342017 Q3: $2.372017 Q4: $2.402018 Q1: $2.652018 Q2: $2.692018 Q3: $2.642018 Q4: $2.742019 Q1: $2.872019 Q2: $3.002019 Q3: $3.102019 Q4: $3.142020 Q1: $3.082020 Q2: $2.232020 Q3: $2.692020 Q4: $2.962021 Q1: $3.152021 Q2: $3.452021 Q3: $3.732021 Q4: $3.582022 Q1: $3.622022 Q2: $3.312022 Q3: $3.332022 Q4: $3.582023 Q1: $3.742023 Q2: $3.942023 Q3: $4.092023 Q4: $4.312024 Q1: $4.392024 Q2: $3.962024 Q3: $3.962024 Q4: $3.27

Forward P/E

16.9526.6836.412006 Q12009 Q12011 Q32014 Q12016 Q32019 Q12021 Q32024 Q12014 Q1: 26.002014 Q2: 24.862014 Q3: 23.842014 Q4: 24.712015 Q1: 28.192015 Q2: 29.782015 Q3: 30.622015 Q4: 30.752016 Q1: 29.252016 Q2: 26.172016 Q3: 24.952016 Q4: 26.432017 Q1: 23.822017 Q2: 25.762017 Q3: 22.912017 Q4: 24.762018 Q1: 22.242018 Q2: 20.882018 Q3: 21.002018 Q4: 23.382019 Q1: 24.472019 Q2: 27.892019 Q3: 29.342019 Q4: 28.042020 Q1: 18.292020 Q2: 34.612020 Q3: 32.862020 Q4: 34.832021 Q1: 35.072021 Q2: 32.302021 Q3: 30.732021 Q4: 32.062022 Q1: 24.152022 Q2: 22.432022 Q3: 27.842022 Q4: 28.582023 Q1: 26.562023 Q2: 25.552023 Q3: 23.702023 Q4: 22.752024 Q1: 20.842024 Q2: 20.252024 Q3: 24.272024 Q4: 27.49

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q4 tone ↓ -7.4 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↓ -7.7 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q1 tone ↓ -3.6 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↓ -4.1 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -2.5 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -10.0 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -6.6 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q22025-04-29+16.8——View →
2025 Q12025-01-28+15.6——View →
2024 Q42024-10-30+9.6$3.2727.5View →
2024 Q32024-07-30+18.5$3.9624.3View →
2024 Q22024-04-30-1.9$3.9620.2View →
2024 Q12024-01-30+20.3$4.3920.8View →
2023 Q42023-11-02+26.9$4.3122.8View →
2023 Q32023-08-01+19.9$4.0923.7View →