Starbucks forecasts FY2027 adjusted EPS of $3.15-$3.25, above analyst estimate of $3.13

Two years out is an unusually long horizon for a company to put a number on, and that distance is the real story: it signals management wants the market to judge it on a recovery trajectory rather than near-term quarters. The guidance is a profit target, not a demand forecast, so the open question is whether it rests on margin repair or on sales growth — the two carry very different risk if consumer spending softens. Watch how much of the range depends on cost discipline versus traffic, and whether the company narrows it as the horizon shortens.