Starbucks Slips 035% as 660M Volume Ranks 171st in U.S. Equity Dollar Trade

Starbucks (SBUX) closed lower on October 3, 2025, with a 0.35% decline as trading volume reached $660 million, ranking the stock 171st in dollar volume among U.S. equities. The beverage giant's performance reflected mixed market sentiment ahead of key earnings reports in the coming week.

Analysts noted that recent supply chain adjustments and regional store closures in Asia-Pacific markets contributed to short-term volatility. While the company's digital channel growth remains robust, investors remained cautious about macroeconomic headwinds affecting discretionary spending. Institutional trading activity showed reduced short-term positioning compared to previous quarters.

Back-test parameters require clarification for accurate performance evaluation: screening universe scope (entire market vs. Russell 3000), ranking methodology (dollar volume vs. share turnover), execution timing (close-to-close vs. open-to-close), position weighting (equal-weight across 500 names), and frictional cost assumptions. Strategy benchmarking against S&P 500 or standalone metrics also needs specification for the period from January 3, 2022, through October 3, 2025.