Starbucks Prepares for Earnings Report Amid Rising Sales
Starbucks is set to report its quarterly earnings after market close, with analysts expecting 66 cents per share and $9.16 billion in revenue. The company has seen a resurgence due to faster service and improved store experiences, leading to three consecutive quarters of same-store sales growth at an expected rate of 6%. CEO Brian Niccol noted the strategy is working but cautioned about ongoing economic challenges like rising gas prices. For fiscal year 2026, Starbucks anticipates global and U.S. same-store sales will grow by at least 5%, with adjusted earnings per share projected between $2.25 to $2.45. The stock has gained over 23% this year, pushing its market cap near $118 billion.
Tickers: $SBUX
Topics: market cap increase same-store sales growth Starbucks