# Starbucks total stores in Q3

in Q3 2026

Updated: July 14, 2026

Category: Financials

Tags: Companies
KPIs

HTML: /markets/financials/companies/starbucks-total-stores-in-q3/

## Short Answer

**Key takeaway.** Both the **model** and the **market** expect Starbucks total stores to be above 41200 in Q3 2026, with only minor residual uncertainty.

## Key Claims (January 2026)

**- - Since last update (~24h): Our model's headline probability surged +10.4pp, flipping the market edge from negative to positive.** - The "Above 41300" outcome saw a significant **model**-led increase of +27.0pp, flipping its edge.
- **Model** belief for "Above 41400" rose +17.5pp, leading the **market** and flipping the edge.
- For "Above 41500", the **model** showed a minor +0.9pp increase, compressing the edge.

**- - Total stores are likely to surpass 41,200, building from 41,129 reported in Q2 2026.** - Accelerated growth in Q3 2026 suggests total stores may exceed 41,300.
- Achieving above 41,500 stores appears aggressive, requiring over 370 net new Q3 openings.

### Why This Matters (GEO)

- AI agents extract claims, not arguments.
- Improves citation probability in summaries and answer cards.
- Enables fact stitching across multiple sources.

## Executive Verdict

**Key takeaway.** **Model**'s **90.7%** **probability** vs 90c **market** implies a 1.1x payout, despite aggressive Q3 growth needed past 41,500 stores.

### Who Wins and Why

| Outcome | Market | Model | Why |
| --- | --- | --- | --- |
| Above 41300 | 36.0% | 71.2% | Model higher by 35.2pp |
| Above 41400 | 19.0% | 27.4% | Model higher by 8.4pp |
| Above 41500 | 11.0% | 3.2% | Market higher by 7.8pp |

## Model vs Market

| Outcome | Market Probability | Octagon Model Probability |
| --- | --- | --- |
| Above 41300 | 36.0% | 71.2% |
| Above 41400 | 19.0% | 27.4% |
| Above 41500 | 11.0% | 3.2% |
| Above 41200 | 90.0% | 90.7% |

- Expiration: August 27, 2026

## Market Behavior & Price Dynamics

This market's price has been completely static since trading began. The probability of Starbucks' total stores meeting or exceeding 41,200 in Q3 2026 has held at a constant 90.0% across all 42 data points. There have been no price movements, spikes, or drops to analyze. The chart shows a perfectly sideways trend, reflecting a stable market consensus from its inception.

The lack of price action is accompanied by extremely low trading volume, with only 11 contracts traded in total. This thin volume suggests minimal market participation and a lack of active price discovery. Essentially, the 90.0% level has served as the unchallenged support and resistance point. Market sentiment appears firmly anchored on the expectation that Starbucks will achieve the target. This sentiment is grounded in the latest available data showing a global store count of 41,129 at the end of Q2 2026, meaning a net increase of only 71 stores is required in Q3 for the contract to resolve affirmatively.

## Contract Snapshot

This market resolves YES if Starbucks Corporation reports above 41,300 total global stores in Q3 2026, and NO otherwise. The outcome is verified by Fiscal.ai. The market closes after the event's occurrence or by August 27, 2026, at 4:00 PM EDT, with a projected payout 30 minutes later. Insider trading by employees of Source Agencies or individuals with material, non-public information is prohibited.

## Market Discussion

The market generally anticipates Starbucks' total global stores to exceed 41,200 in Q3 2026 (90% chance) and also projects a strong likelihood (69%) of exceeding 41,300 stores. One trader supports exceeding 41,300, suggesting Starbucks is "on track" for continued growth. Another trader briefly opposes this threshold without providing specific reasoning, but the overall market sentiment strongly leans towards continued store expansion.

## Market Data

| Contract | Yes Bid | Yes Ask | Last Price | Volume | Open Interest |
| --- | --- | --- | --- | --- | --- |
| Above 41200 | 76% | 82% | 90% | $198.47 | $183.27 |
| Above 41300 | 36% | 41% | 36% | $3,463.33 | $1,177.76 |
| Above 41400 | 12% | 17% | 19% | $1,394.84 | $350.72 |
| Above 41500 | 4% | 10% | 11% | $528.13 | $369.96 |

## What are the primary catalysts that could accelerate or decelerate Starbucks' international store openings ahead of its Q3 2026 earnings report?

Target International Net New Stores FY2026 | 450-500 (fiscal 2026) [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf)[[^]](https://www.tipranks.com/stocks/it:1sbux/earnings) |
Target Global Net New Stores FY2026 | 600-650 (fiscal 2026) [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf)[[^]](https://www.tipranks.com/stocks/it:1sbux/earnings) |
International Comparable Sales Q2 FY2026 | 2.6% [[^]](https://www.businesswire.com/news/home/20260701590758/en/Starbucks-Declares-Quarterly-Cash-Dividend/)[[^]](https://www.prnewswire.com/news-releases/did-starbucks-corporation-insiders-breach-their-fiduciary-duties-to-shareholders-302792962.html)[[^]](https://www.businesswire.com/news/home/20260602473511/en/Starbucks-to-Participate-in-the-6th-Annual-Evercore-Consumer-and-Retail-Conference/)[[^]](https://www.businesswire.com/news/home/20260521617053/en/Starbucks-to-Participate-in-the-Bernstein-42nd-Annual-Strategic-Decisions-Conference/)[[^]](https://www.businesswire.com/news/home/20260518464438/en/Starbucks-Corporation-Announces-Pricing-Terms-for-its-Upsized-Tender-Offers-for-Eight-Series-of-Notes/)[[^]](https://www.businesswire.com/news/home/20260515012591/en/Starbucks-Corporation-Announces-Early-Results-and-Upsizing-of-its-Tender-Offers-for-Eight-Series-of-Notes/) |

**Several factors could accelerate Starbucks' international store openings ahead of its Q3 2026 earnings report**

Several factors could accelerate Starbucks' international store openings ahead of its Q3 2026 earnings report. Sustained international comparable sales growth, recorded at **2.6%** in Q2 FY2026, along with management’s ability to maintain capital and operating discipline, evidenced by a Q2 GAAP operating margin expanding to **8.7%**, could help fund this expansion [[^]](https://www.businesswire.com/news/home/20260701590758/en/Starbucks-Declares-Quarterly-Cash-Dividend/)[[^]](https://www.prnewswire.com/news-releases/did-starbucks-corporation-insiders-breach-their-fiduciary-duties-to-shareholders-302792962.html)[[^]](https://www.businesswire.com/news/home/20260602473511/en/Starbucks-to-Participate-in-the-6th-Annual-Evercore-Consumer-and-Retail-Conference/)[[^]](https://www.businesswire.com/news/home/20260521617053/en/Starbucks-to-Participate-in-the-Bernstein-42nd-Annual-Strategic-Decisions-Conference/)[[^]](https://www.businesswire.com/news/home/20260518464438/en/Starbucks-Corporation-Announces-Pricing-Terms-for-its-Upsized-Tender-Offers-for-Eight-Series-of-Notes/)[[^]](https://www.businesswire.com/news/home/20260515012591/en/Starbucks-Corporation-Announces-Early-Results-and-Upsizing-of-its-Tender-Offers-for-Eight-Series-of-Notes/). A major catalyst is the successful transition of the China retail operations to a joint venture (JV) licensee **model** in April 2026, aiming for more capital-efficient expansion of thousands of stores through a licensed **model** [[^]](https://news.alphastreet.com/starbucks-sbux-has-a-turnaround-and-operating-leverage-story-bigger-than-a-u-s-traffic-debate/)[[^]](https://business-news-today.com/how-starbucks-nasdaq-sbux-plans-to-turn-8000-china-stores-into-a-20000-store-growth-engine-with-boyu-capital/)[[^]](https://www.foodbusinessmea.com/starbucks-china-q1-revenue-jumps-11-as-store-sales-rebound-expansion-accelerates/)[[^]](https://www.businesswire.com/news/home/20260701590758/en/Starbucks-Declares-Quarterly-Cash-Dividend/)[[^]](https://www.prnewswire.com/news-releases/did-starbucks-corporation-insiders-breach-their-fiduciary-duties-to-shareholders-302792962.html)[[^]](https://www.businesswire.com/news/home/20260602473511/en/Starbucks-to-Participate-in-the-6th-Annual-Evercore-Consumer-and-Retail-Conference/)[[^]](https://www.businesswire.com/news/home/20260521617053/en/Starbucks-to-Participate-in-the-Bernstein-42nd-Annual-Strategic-Decisions-Conference/)[[^]](https://www.businesswire.com/news/home/20260518464438/en/Starbucks-Corporation-Announces-Pricing-Terms-for-its-Upsized-Tender-Offers-for-Eight-Series-of-Notes/)[[^]](https://www.businesswire.com/news/home/20260515012591/en/Starbucks-Corporation-Announces-Early-Results-and-Upsizing-of-its-Tender-Offers-for-Eight-Series-of-Notes/). Starbucks targets adding 450–500 net new international coffeehouses and 600–650 global net new locations for fiscal 2026, with an emphasis on accelerating international growth in the third and fourth quarters [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf)[[^]](https://www.tipranks.com/stocks/it:1sbux/earnings).

Conversely, weaker demand and competitive pressures could decelerate international expansion. Weaker demand in China, where comparable sales were only **0.5%** with ticket down **1.6%** in Q2 FY2026, and intense competitive rivalry, particularly from value-oriented chains such as Luckin Coffee, present significant headwinds to store expansion in that **market** [[^]](https://www.businesswire.com/news/home/20260701590758/en/Starbucks-Declares-Quarterly-Cash-Dividend/)[[^]](https://www.prnewswire.com/news-releases/did-starbucks-corporation-insiders-breach-their-fiduciary-duties-to-shareholders-302792962.html)[[^]](https://www.businesswire.com/news/home/20260602473511/en/Starbucks-to-Participate-in-the-6th-Annual-Evercore-Consumer-and-Retail-Conference/)[[^]](https://www.businesswire.com/news/home/20260521617053/en/Starbucks-to-Participate-in-the-Bernstein-42nd-Annual-Strategic-Decisions-Conference/)[[^]](https://www.businesswire.com/news/home/20260518464438/en/Starbucks-Corporation-Announces-Pricing-Terms-for-its-Upsized-Tender-Offers-for-Eight-Series-of-Notes/)[[^]](https://www.businesswire.com/news/home/20260515012591/en/Starbucks-Corporation-Announces-Early-Results-and-Upsizing-of-its-Tender-Offers-for-Eight-Series-of-Notes/)[[^]](https://businessmodelanalyst.com/starbucks-porters-five-forces-analysis/). While the shift to a licensed JV structure in China for the second half of fiscal year 2026 may boost licensed expansion, it could simultaneously reduce direct company-operated store growth in the region [[^]](https://www.businesswire.com/news/home/20260701590758/en/Starbucks-Declares-Quarterly-Cash-Dividend/)[[^]](https://www.prnewswire.com/news-releases/did-starbucks-corporation-insiders-breach-their-fiduciary-duties-to-shareholders-302792962.html)[[^]](https://www.businesswire.com/news/home/20260602473511/en/Starbucks-to-Participate-in-the-6th-Annual-Evercore-Consumer-and-Retail-Conference/)[[^]](https://www.businesswire.com/news/home/20260521617053/en/Starbucks-to-Participate-in-the-Bernstein-42nd-Annual-Strategic-Decisions-Conference/)[[^]](https://www.businesswire.com/news/home/20260518464438/en/Starbucks-Corporation-Announces-Pricing-Terms-for-its-Upsized-Tender-Offers-for-Eight-Series-of-Notes/)[[^]](https://www.businesswire.com/news/home/20260515012591/en/Starbucks-Corporation-Announces-Early-Results-and-Upsizing-of-its-Tender-Offers-for-Eight-Series-of-Notes/). Furthermore, any margin or cash constraints could impede new-unit deployment globally [[^]](https://www.businesswire.com/news/home/20260701590758/en/Starbucks-Declares-Quarterly-Cash-Dividend/)[[^]](https://www.prnewswire.com/news-releases/did-starbucks-corporation-insiders-breach-their-fiduciary-duties-to-shareholders-302792962.html)[[^]](https://www.businesswire.com/news/home/20260602473511/en/Starbucks-to-Participate-in-the-6th-Annual-Evercore-Consumer-and-Retail-Conference/)[[^]](https://www.businesswire.com/news/home/20260521617053/en/Starbucks-to-Participate-in-the-Bernstein-42nd-Annual-Strategic-Decisions-Conference/)[[^]](https://www.businesswire.com/news/home/20260518464438/en/Starbucks-Corporation-Announces-Pricing-Terms-for-its-Upsized-Tender-Offers-for-Eight-Series-of-Notes/)[[^]](https://www.businesswire.com/news/home/20260515012591/en/Starbucks-Corporation-Announces-Early-Results-and-Upsizing-of-its-Tender-Offers-for-Eight-Series-of-Notes/). Although a global target of approximately 600 to 650 net new coffeehouses for FY2026 was provided, no specific Q3 international opening target has been disclosed [[^]](https://www.businesswire.com/news/home/20260701590758/en/Starbucks-Declares-Quarterly-Cash-Dividend/)[[^]](https://www.prnewswire.com/news-releases/did-starbucks-corporation-insiders-breach-their-fiduciary-duties-to-shareholders-302792962.html)[[^]](https://www.businesswire.com/news/home/20260602473511/en/Starbucks-to-Participate-in-the-6th-Annual-Evercore-Consumer-and-Retail-Conference/)[[^]](https://www.businesswire.com/news/home/20260521617053/en/Starbucks-to-Participate-in-the-Bernstein-42nd-Annual-Strategic-Decisions-Conference/)[[^]](https://www.businesswire.com/news/home/20260518464438/en/Starbucks-Corporation-Announces-Pricing-Terms-for-its-Upsized-Tender-Offers-for-Eight-Series-of-Notes/)[[^]](https://www.businesswire.com/news/home/20260515012591/en/Starbucks-Corporation-Announces-Early-Results-and-Upsizing-of-its-Tender-Offers-for-Eight-Series-of-Notes/).

## How does Starbucks' projected global store growth strategy for fiscal year 2026 compare to that of its main competitor, Dunkin'?

Starbucks Net New Stores FY2026 | 600 to 650 new coffeehouses (fiscal year 2026) [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf)[[^]](http://business-news-today.com/starbucks-lifts-fy26-guidance-after-q2-beat-sbux-gains-5-as-us-transactions-return-for-second-straight-quarter/) |
Starbucks International Net New Stores FY2026 | 450-500 new stores (fiscal year 2026) [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf)[[^]](http://business-news-today.com/starbucks-lifts-fy26-guidance-after-q2-beat-sbux-gains-5-as-us-transactions-return-for-second-straight-quarter/) |
Starbucks Estimated Global Stores Q3 2026 | Above 41,200 stores (Q3 2026) [[^]](https://kalshi.com/markets/kxsbux/starbucks-kpi/kxsbux-26julstores)[[^]](https://finviz.com/news/113984/starbucks-sbux-q3-earnings-on-the-horizon-analysts-insights-on-key-performance-measures) |

**Starbucks plans significant global store expansion and presence in 2026**

Starbucks plans significant global store expansion and presence in 2026. For fiscal year 2026, Starbucks' global growth strategy aims to add approximately 600 to 650 net new coffeehouses worldwide. This expansion prioritizes international markets with plans for 450-500 net new stores, alongside 150-175 net new company-operated stores within the US [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf)[[^]](http://business-news-today.com/starbucks-lifts-fy26-guidance-after-q2-beat-sbux-gains-5-as-us-transactions-return-for-second-straight-quarter/). Concurrently, prediction markets and analyst consensus forecast Starbucks' total global store count in Q3 2026 to exceed 41,200, with some estimates reaching 41,300 or higher [[^]](https://kalshi.com/markets/kxsbux/starbucks-kpi/kxsbux-26julstores)[[^]](https://finviz.com/news/113984/starbucks-sbux-q3-earnings-on-the-horizon-analysts-insights-on-key-performance-measures).

Dunkin's 2026 strategy emphasizes an "on-the-go" beverage **model**. In contrast to Starbucks' focus on increasing its physical store count, Dunkin's growth strategy for 2026 is shifting towards a beverage-led, "on-the-go" **model** [[^]](https://www.dunkindonuts.com/en/about/about-us)[[^]](https://maction.com/nproject/case-study-strategy-of-starbucks-in-competition-with-dunkin-donuts/). This strategic divergence highlights differing priorities in their respective **market** approaches for the upcoming fiscal year.

## Is Starbucks on track to meet its specific fiscal year 2026 target of 450-500 net new international stores, based on performance in the China market?

FY2026 Net New International Store Target | Approximately 450 to 500 stores [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf)[[^]](https://www.tipranks.com/stocks/it:1sbux/earnings) |
China's Expected Contribution to Target | Nearly half of international stores [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf) |
Net New International Stores YTD Q1 FY2026 | 719 stores [[^]](https://www.businesswire.com/news/home/20260701590758/en/Starbucks-Declares-Quarterly-Cash-Dividend/\n2)[[^]](https://www.prnewswire.com/news-releases/did-starbucks-corporation-insiders-breach-their-fiduciary-duties-to-shareholders-302792962.html\n3)[[^]](https://www.businesswire.com/news/home/20260602473511/en/Starbucks-to-Participate-in-the-6th-Annual-Evercore-Consumer-and-Retail-Conference/\n4)[[^]](https://www.businesswire.com/news/home/20260521617053/en/Starbucks-to-Participate-in-the-Bernstein-42nd-Annual-Strategic-Decisions-Conference/\n5)[[^]](https://www.businesswire.com/news/home/20260518464438/en/Starbucks-Corporation-Announces-Pricing-Terms-for-its-Upsized-Tender-Offers-for-Eight-Series-of-Notes/\n6)[[^]](https://www.businesswire.com/news/home/20260515012591/en/Starbucks-Corporation-Announces-Early-Results-and-Upsizing-of-its-Tender-Offers-for-Eight-Series-of-Notes/\n7) |

**Q3 2026 China performance cannot confirm FY26 international store target**

Q3 2026 China performance cannot confirm FY26 international store target. The available data lacks specific Q3 2026 store-opening disclosures for China, making it insufficient to determine whether Starbucks is on track to meet its fiscal year 2026 target of 450-500 net new international stores based on performance in this **market** [[^]](https://www.businesswire.com/news/home/20260701590758/en/Starbucks-Declares-Quarterly-Cash-Dividend/\n2)[[^]](https://www.prnewswire.com/news-releases/did-starbucks-corporation-insiders-breach-their-fiduciary-duties-to-shareholders-302792962.html\n3)[[^]](https://www.businesswire.com/news/home/20260602473511/en/Starbucks-to-Participate-in-the-6th-Annual-Evercore-Consumer-and-Retail-Conference/\n4)[[^]](https://www.businesswire.com/news/home/20260521617053/en/Starbucks-to-Participate-in-the-Bernstein-42nd-Annual-Strategic-Decisions-Conference/\n5)[[^]](https://www.businesswire.com/news/home/20260518464438/en/Starbucks-Corporation-Announces-Pricing-Terms-for-its-Upsized-Tender-Offers-for-Eight-Series-of-Notes/\n6)[[^]](https://www.businesswire.com/news/home/20260515012591/en/Starbucks-Corporation-Announces-Early-Results-and-Upsizing-of-its-Tender-Offers-for-Eight-Series-of-Notes/\n7). Web, SEC, and news lookups for this period showed no matching documents containing Q3 2026 store-opening disclosures [[^]](https://www.businesswire.com/news/home/20260701590758/en/Starbucks-Declares-Quarterly-Cash-Dividend/\n2)[[^]](https://www.prnewswire.com/news-releases/did-starbucks-corporation-insiders-breach-their-fiduciary-duties-to-shareholders-302792962.html\n3)[[^]](https://www.businesswire.com/news/home/20260602473511/en/Starbucks-to-Participate-in-the-6th-Annual-Evercore-Consumer-and-Retail-Conference/\n4)[[^]](https://www.businesswire.com/news/home/20260521617053/en/Starbucks-to-Participate-in-the-Bernstein-42nd-Annual-Strategic-Decisions-Conference/\n5)[[^]](https://www.businesswire.com/news/home/20260518464438/en/Starbucks-Corporation-Announces-Pricing-Terms-for-its-Upsized-Tender-Offers-for-Eight-Series-of-Notes/\n6)[[^]](https://www.businesswire.com/news/home/20260515012591/en/Starbucks-Corporation-Announces-Early-Results-and-Upsizing-of-its-Tender-Offers-for-Eight-Series-of-Notes/\n7).

Starbucks maintains FY26 international store growth targets, anticipating acceleration. The company’s fiscal year 2026 guidance remains at approximately 450 to 500 net new international stores, with China expected to comprise nearly half of these additions [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf)[[^]](https://www.tipranks.com/stocks/it:1sbux/earnings). Management projects international store growth will accelerate over the second half of fiscal year 2026 to meet these targets [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf). For context, Starbucks had 719 net new international stores year-to-date through Q1 FY2026 [[^]](https://www.businesswire.com/news/home/20260701590758/en/Starbucks-Declares-Quarterly-Cash-Dividend/\n2)[[^]](https://www.prnewswire.com/news-releases/did-starbucks-corporation-insiders-breach-their-fiduciary-duties-to-shareholders-302792962.html\n3)[[^]](https://www.businesswire.com/news/home/20260602473511/en/Starbucks-to-Participate-in-the-6th-Annual-Evercore-Consumer-and-Retail-Conference/\n4)[[^]](https://www.businesswire.com/news/home/20260521617053/en/Starbucks-to-Participate-in-the-Bernstein-42nd-Annual-Strategic-Decisions-Conference/\n5)[[^]](https://www.businesswire.com/news/home/20260518464438/en/Starbucks-Corporation-Announces-Pricing-Terms-for-its-Upsized-Tender-Offers-for-Eight-Series-of-Notes/\n6)[[^]](https://www.businesswire.com/news/home/20260515012591/en/Starbucks-Corporation-Announces-Early-Results-and-Upsizing-of-its-Tender-Offers-for-Eight-Series-of-Notes/\n7). By Q2 FY2026, the international portfolio totaled 22,744 coffeehouses, a net reduction of 14 stores from Q1 due to prior portfolio decisions [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf).

Starbucks is transitioning China operations to support accelerated expansion. The company is transitioning its China retail operations to a joint venture and licensing structure with Boyu Capital, a move expected to close in spring 2026 [[^]](https://www.foodbusinessmea.com/starbucks-china-q1-revenue-jumps-11-as-store-sales-rebound-expansion-accelerates/). This strategic shift is intended to support accelerated store expansion under a licensed **model** [[^]](https://www.foodbusinessmea.com/starbucks-china-q1-revenue-jumps-11-as-store-sales-rebound-expansion-accelerates/).

## What publicly available data, such as building permits or location intelligence services, can be used to track Starbucks' new store openings in the U.S. throughout Q3 2026?

Q3 2026 New Store Openings Status | Cannot yet be verified [[^]](https://www.businesswire.com/news/home/20260701590758/en/Starbucks-Declares-Quarterly-Cash-Dividend/) |
Latest Official Filing Available | Q2 2026 10-Q, filed 2026-04-28 [[^]](https://www.businesswire.com/news/home/20260701590758/en/Starbucks-Declares-Quarterly-Cash-Dividend/) |
Typical Q3 Report Release | Late July [[^]](https://www.sec.gov/Archives/edgar/data/829224/000082922424000041/sbux-6302024xexhibit991.htm)[[^]](https://www.businesswire.com/news/home/20250729489541/en/Starbucks-Reports-Q3-Fiscal-Year-2025-Results) |

**A definitive count for Starbucks' Q3 2026 U.S**

A definitive count for Starbucks' Q3 2026 U.S. new store openings is not yet available. Official quarterly store growth figures are released in Starbucks' SEC filings, such as 10-Q or 8-K reports, which are the most authoritative sources for total store counts and quarterly changes [[^]](https://www.businesswire.com/news/home/20260701590758/en/Starbucks-Declares-Quarterly-Cash-Dividend/)[[^]](https://www.sec.gov/Archives/edgar/data/829224/000082922424000041/sbux-6302024xexhibit991.htm)[[^]](https://www.businesswire.com/news/home/20250729489541/en/Starbucks-Reports-Q3-Fiscal-Year-2025-Results)[[^]](https://last10k.com/sec-filings/sbux/0000829224-25-000057.htm). However, the Q3 FY2026 earnings release has not yet been posted, with fiscal Q3 results generally reported in late July [[^]](https://www.businesswire.com/news/home/20260701590758/en/Starbucks-Declares-Quarterly-Cash-Dividend/)[[^]](https://www.sec.gov/Archives/edgar/data/829224/000082922424000041/sbux-6302024xexhibit991.htm)[[^]](https://www.businesswire.com/news/home/20250729489541/en/Starbucks-Reports-Q3-Fiscal-Year-2025-Results). The latest confirmed filing currently available is the Q2 2026 10-Q, which was filed on April 28, 2026 [[^]](https://www.businesswire.com/news/home/20260701590758/en/Starbucks-Declares-Quarterly-Cash-Dividend/).

Public data sources can track Starbucks' new store openings. While official numbers are pending, other publicly available data can be utilized to monitor new Starbucks store openings in the U.S. throughout Q3 2026 [[^]](https://www.businesswire.com/news/home/20260701590758/en/Starbucks-Declares-Quarterly-Cash-Dividend/). Building permits serve as a lead indicator for store openings; these can be accessed via local government portals or aggregated platforms like Shovels.ai, especially when they detail coffee shop development or tenant improvement work [[^]](https://www.businesswire.com/news/home/20260701590758/en/Starbucks-Declares-Quarterly-Cash-Dividend/)[[^]](https://www.shovels.ai/real-estate)[[^]](https://permitplace.com/how-long-to-get-retail-building-permits/)[[^]](https://www.princegeorgescountymd.gov/departments-offices/permitting-inspections-and-enforcement/business-development/fast-track-permitting-high-impact-development-projects)[[^]](https://fasttrack.ocfl.net/OnlineServices/Default.aspx)[[^]](https://www.delmar.ca.us/865/eTRAKIT---Online-Portal). Furthermore, specialized location intelligence services, including Sitewise Analytics and Atlas Location Intelligence, can track store distribution, foot traffic, and points of interest data to monitor retail expansion in near real time [[^]](https://www.businesswire.com/news/home/20260701590758/en/Starbucks-Declares-Quarterly-Cash-Dividend/)[[^]](https://sitewise.com/)[[^]](https://www.realdataapi.com/scrape-starbucks-store-locations-usa-retail-competitor-mapping.php)[[^]](https://www.actowizsolutions.com/mapping-starbucks-store-distribution.php)[[^]](https://ciigis.com/)[[^]](https://linkedin.com/company/atlas-sites).

## What is the impact of Starbucks' ongoing store renovation program on its net store count for Q3 2026, and what are the leading indicators of potential store closures in North America?

North American Store Count Reduction | Approximately 1% in fiscal year 2026 [[^]](https://www.retailtouchpoints.com/news/starbucks-to-complete-1000-store-uplifts-in-2026-plans-to-phase-out-pickup-only-locations/153497/)[[^]](https://earningscall.biz/e/nasdaq/s/sbux/y/2025/q/q3)[[^]](https://finance.yahoo.com/news/starbucks-set-to-close-stores-slash-900-jobs-in-restructuring-plan-162508893.html)[[^]](https://www.mmcginvest.com/post/the-great-american-store-closure-tracker-2026-edition) |
Coffeehouse Uplift Program Target | 1,000 stores in North America [[^]](https://www.retailtouchpoints.com/news/starbucks-to-complete-1000-store-uplifts-in-2026-plans-to-phase-out-pickup-only-locations/153497/)[[^]](https://earningscall.biz/e/nasdaq/s/sbux/y/2025/q/q3)[[^]](https://finance.yahoo.com/news/starbucks-set-to-close-stores-slash-900-jobs-in-restructuring-plan-162508893.html) |
Global New Store Additions | 600-650 in fiscal year 2026 [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf) |

**Starbucks plans significant North American store renovations and strategic closures**

Starbucks plans significant North American store renovations and strategic closures. The company is implementing a "coffeehouse uplift" program to enhance the in-store experience across 1,000 North American locations [[^]](https://www.retailtouchpoints.com/news/starbucks-to-complete-1000-store-uplifts-in-2026-plans-to-phase-out-pickup-only-locations/153497/)[[^]](https://earningscall.biz/e/nasdaq/s/sbux/y/2025/q/q3)[[^]](https://finance.yahoo.com/news/starbucks-set-to-close-stores-slash-900-jobs-in-restructuring-plan-162508893.html). Concurrently, Starbucks is strategically eliminating inefficient formats, such as mobile-order-only stores [[^]](https://www.retailtouchpoints.com/news/starbucks-to-complete-1000-store-uplifts-in-2026-plans-to-phase-out-pickup-only-locations/153497/)[[^]](https://earningscall.biz/e/nasdaq/s/sbux/y/2025/q/q3)[[^]](https://finance.yahoo.com/news/starbucks-set-to-close-stores-slash-900-jobs-in-restructuring-plan-162508893.html). These initiatives are part of the broader "Back to Starbucks" turnaround plan, introduced in September 2025, which aims to reduce the total North American store count by approximately **1%** in fiscal year 2026 [[^]](https://www.retailtouchpoints.com/news/starbucks-to-complete-1000-store-uplifts-in-2026-plans-to-phase-out-pickup-only-locations/153497/)[[^]](https://earningscall.biz/e/nasdaq/s/sbux/y/2025/q/q3)[[^]](https://finance.yahoo.com/news/starbucks-set-to-close-stores-slash-900-jobs-in-restructuring-plan-162508893.html)[[^]](https://www.mmcginvest.com/post/the-great-american-store-closure-tracker-2026-edition). CEO Brian Niccol confirmed the closure of unprofitable North American stores as a component of this restructuring [[^]](https://finance.yahoo.com/news/starbucks-set-to-close-stores-slash-900-jobs-in-restructuring-plan-162508893.html)[[^]](https://www.mmcginvest.com/post/the-great-american-store-closure-tracker-2026-edition).

Starbucks anticipates global net store growth despite North American closures. Despite the planned reduction in its North American footprint, Starbucks projects a net addition of approximately 600 to 650 new coffeehouses worldwide for fiscal year 2026 [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf). Specifically, the company targets 150 to 175 net new U.S. company-operated stores within the same fiscal year [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf). Starbucks actively evaluates its existing store portfolio as part of its ongoing strategic adjustments [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf).

Store closures are driven by financial and operational performance metrics. The primary indicators for potential store closures in North America include a consistent failure to meet established financial performance standards [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf)[[^]](https://www.mmcginvest.com/post/the-great-american-store-closure-tracker-2026-edition). Additionally, locations that struggle to provide the expected physical environment for both customers and partners are considered for closure [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf)[[^]](https://www.mmcginvest.com/post/the-great-american-store-closure-tracker-2026-edition). To continuously assess these critical operational factors, Starbucks employs a proprietary "Scorecard" tool on a daily basis [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf)[[^]](https://www.mmcginvest.com/post/the-great-american-store-closure-tracker-2026-edition).

## What Could Change the Odds

**Starbucks is scheduled to release its Q3 fiscal year 2026 earnings results on August 4, 2026 [[^]](https://www.marketbeat.com/stocks/NASDAQ/SBUX/earnings/)[[^]](https://www.investing.com/equities/starbucks-corp-earnings)[[^]](https://stockevents.app/en/event/earnings/2838533).** This release will include financial performance indicators, store count, and updates on the company's strategic initiatives. Prediction markets have featured contracts regarding whether Starbucks would report over 41,300 total global stores for Q3 2026, indicating this metric is a focus for **market** participants [[^]](https://kalshi.com/markets/kxsbux/starbucks-kpi/kxsbux-26julstores). For FY2026, Starbucks' outlook includes global comparable store sales growth guidance of **5%** or better and EPS guidance between **$2.25** and **$2.45** [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf).

**Potential bullish catalysts include strong transaction-led comparable store sales growth and successful execution of turnaround strategies [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf).** In Q3 fiscal 2025, Starbucks expanded its global footprint by adding 308 net new stores, bringing the total to 41,097 stores as of June 29, 2025. At that time, **53%** of stores were company-operated and **47%** were licensed [[^]](https://octagonai.co/files/sec-filings/829224/0000829224-25-000114/sbux-20250928.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260714%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260714T090607Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=0538130ca0fdcb3c6aa23eb68b1c76c8fcd50ae102d4a1e81672d1a02dcadd99#page=10)[[^]](https://octagonai.co/files/sec-filings/829224/0000829224-25-000114/sbux-20250928.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260714%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260714T090607Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=0538130ca0fdcb3c6aa23eb68b1c76c8fcd50ae102d4a1e81672d1a02dcadd99#page=12)[[^]](https://octagonai.co/files/sec-filings/829224/0000829224-25-000114/sbux-20250928.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260714%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260714T090606Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=bb925b8db375f1d66252886e15cea0341b457d0ebc6ac78d4bc06c12a1c37cc1#page=10)[[^]](https://octagonai.co/files/sec-filings/829224/0000829224-25-000114/sbux-20250928.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260714%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260714T090606Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=bb925b8db375f1d66252886e15cea0341b457d0ebc6ac78d4bc06c12a1c37cc1#page=12)[[^]](https://octagonai.co/files/sec-filings/829224/0000829224-25-000114/sbux-20250928.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260714%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260714T090557Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=830ca32d960d2936d54116693d319b45ad9076229410686b9194c7ec5e87fd35#page=10)[[^]](https://octagonai.co/files/sec-filings/829224/0000829224-25-000114/sbux-20250928.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260714%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260714T090557Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=830ca32d960d2936d54116693d319b45ad9076229410686b9194c7ec5e87fd35#page=12).

**Conversely, key bearish risks involve macroeconomic uncertainty potentially affecting consumer behavior and the transition of China operations to a joint venture licensing structure, which could impact revenue reporting [[^]](https://s203.q4cdn.com/326826266/files/doc_financials/2026/q2/Q2-FY26-SBUX-Transcript.pdf).** The FY2025 year-end filing reported 40,990 total stores, below the Q3 FY2025 figure, with 627 stores closed in fiscal 2025 [[^]](https://octagonai.co/files/sec-filings/829224/0000829224-25-000114/sbux-20250928.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260714%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260714T090607Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=0538130ca0fdcb3c6aa23eb68b1c76c8fcd50ae102d4a1e81672d1a02dcadd99#page=10)[[^]](https://octagonai.co/files/sec-filings/829224/0000829224-25-000114/sbux-20250928.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260714%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260714T090607Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=0538130ca0fdcb3c6aa23eb68b1c76c8fcd50ae102d4a1e81672d1a02dcadd99#page=12)[[^]](https://octagonai.co/files/sec-filings/829224/0000829224-25-000114/sbux-20250928.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260714%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260714T090606Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=bb925b8db375f1d66252886e15cea0341b457d0ebc6ac78d4bc06c12a1c37cc1#page=10)[[^]](https://octagonai.co/files/sec-filings/829224/0000829224-25-000114/sbux-20250928.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260714%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260714T090606Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=bb925b8db375f1d66252886e15cea0341b457d0ebc6ac78d4bc06c12a1c37cc1#page=12)[[^]](https://octagonai.co/files/sec-filings/829224/0000829224-25-000114/sbux-20250928.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260714%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260714T090557Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=830ca32d960d2936d54116693d319b45ad9076229410686b9194c7ec5e87fd35#page=10)[[^]](https://octagonai.co/files/sec-filings/829224/0000829224-25-000114/sbux-20250928.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260714%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260714T090557Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=830ca32d960d2936d54116693d319b45ad9076229410686b9194c7ec5e87fd35#page=12).

## Key Dates & Catalysts

- **Expiration:** August 27, 2026
- **Closes:** August 27, 2026

## Decision-Flipping Events

- Starbucks is scheduled to release its Q3 fiscal year 2026 earnings results on August 4, 2026 [^] [^] [^] .
- This release will include financial performance indicators, store count, and updates on the company's strategic initiatives.
- Prediction markets have featured contracts regarding whether Starbucks would report over 41,300 total global stores for Q3 2026, indicating this metric is a focus for **market** participants [^] .
- For FY2026, Starbucks' outlook includes global comparable store sales growth guidance of **5%** or better and EPS guidance between **$2.25** and **$2.45** [^] .

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## Historical Resolutions

No historical resolution data available for this series.

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### Data Sources & Model Transparency

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**Freshness:** Analysis is generated periodically and may not reflect the latest developments. Verify critical information from primary sources.

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