In the latest data point for Q2'26, SBUX reported an ROE of -6.04%, an ROA of 1.67%, and an ROIC of 4.07%. This represents a notable sequential recovery compared to the previous quarter, as all three metrics showed significant improvement from Q1'26. From Q3'23 to Q2'26, the company's profitability metrics exhibited considerable volatility with an overall declining trend until mid-FY2025. ROIC reached a peak of 8.21% in Q4'23 before trending downward to a low of 1.51% in Q4'25, while ROE remained consistently in negative territory throughout the entire period. However, a potential inflection point emerged after Q4'25, with all indicators showing a steady rebound through Q2'26, suggesting a recent improvement in operational efficiency and capital utilization.