Key Highlights

  • Starbucks (NASDAQ:SBUX) reports after the close on Thursday, October 29, 2026, with consensus earnings per share of USD 0.73, according to one published earnings calendar.
  • Mondelez reports in the same window with a consensus of USD 0.72, offering a packaged-food read next to Starbucks' restaurant and coffee view of the consumer.
  • Chipotle's comparable sales grew 2.1% against a 1.5% estimate, while Sprouts fell 15% to 22% after hours, so the consumer read is mixed going in.
  • Only EPS consensus was retrieved; revenue, comparable-sales and guidance expectations for Starbucks (NASDAQ:SBUX) were not, so this is a preview to be redone as results.

Two Consumer Names After the Bell

Starbucks (NASDAQ:SBUX) is scheduled to report after the close on October 29, 2026, with consensus earnings per share of USD 0.73 on one earnings calendar page. Mondelez International (NASDAQ:MDLZ) is in the same window with a consensus of USD 0.72. Results were not out when this was written, and no revenue, comparable-sales or guidance estimates were retrieved. The figures are therefore unverified starting points, and the more important information will be management commentary on traffic, pricing and consumer behaviour in the quarter just reported. Neither company's quarter had been published when this was written. Investors will focus on traffic, pricing and guidance rather than the headline EPS comparison alone.

A Mixed Consumer Backdrop

The week's consumer reports have pulled in different directions. Chipotle Mexican Grill (NYSE:CMG) posted earnings per share of USD 0.27 against a USD 0.29 estimate but revenue of USD 3.30 billion against USD 3.28 billion, with comparable sales up 2.1% against a 1.5% estimate, and it rose 2% to 7% after hours. Sprouts Farmers Market (NASDAQ:SFM) missed on earnings, revenue and same-store sales, with weak guidance, and fell 15% to 22%. The split shows that restaurants and grocers face different pressures, which is why Starbucks (NASDAQ:SBUX) commentary on traffic matters. Starbucks adds the coffee and traffic view, while Mondelez gives the packaged-food view. Restaurants, packaged foods and grocers each face different cost and traffic pressures, so no single result settles the consumer question.

Risks and What to Watch Next

Consumer names face rising yields and inflation. The 10-year Treasury yield closed above 5% on October 28, the Federal Reserve held at 3.75% to 4.00% with two officials preferring a hike, and December hike odds are near 81% to 85%. September PCE inflation lands at 7:30 a.m. ET and will show how prices are moving. Nasdaq-100 futures were down about 1.2% before 4:30 a.m. ET. Watch Starbucks (NASDAQ:SBUX) guidance, any comment on traffic, and whether Mondelez confirms the pricing and volume balance in packaged food. The contrast shows why a single company's result can mislead about the consumer as a whole. Options-implied moves were not retrieved, so the size of the expected reaction is unknown.

Where Things Stand

Starbucks (NASDAQ:SBUX) will say something about consumers, but what remains open until the company release, because only the USD 0.73 EPS consensus is on hand. The balance of evidence from the week is mixed: Chipotle's comparable sales beat, while Sprouts collapsed. The next catalysts are the 7:30 a.m. ET PCE print, then the Starbucks and Mondelez releases after the close, with traffic and guidance likely to drive the reaction.