Starbucks to Report Q3 Earnings Amid Turnaround Strategy Progress
Starbucks is set to release its fiscal third-quarter earnings report on Wednesday, July 29. The company's stock has surged over 23% this year compared to the S&P 500’s 8%, raising valuation concerns ahead of the results. Analysts expect revenue of $9.1 billion and net income per share of $0.65 for Q3, a decline from fiscal 2025 but driven largely by changes in its China business. The company's “Back to Starbucks” strategy has contributed to recent growth, including a nearly 9% year-over-year revenue increase in the second quarter. Starbucks' performance remains heavily reliant on North America, where same-store sales grew over 7%, compared to weaker international results and ongoing challenges in China. In April, Starbucks shifted its Chinese operations into a joint venture with Boyu Capital, which will impact future financial reporting.
Tickers: $SBUX
Topics: Back to Starbucks Strategy Earnings Report Starbucks