Starbucks Exceeds Earnings Expectations and Raises Full-Year Guidance
Starbucks delivered strong quarterly results for fiscal Q3, surpassing revenue and earnings estimates while raising its full-year guidance. Revenue reached $9.32 billion against a forecast of $9.16 billion, with adjusted EPS at 85 cents versus an expected 66 cents. Comparable store sales rose globally by 7.9%, well above the projected 5.7%. CEO Brian Niccol has led a successful turnaround since taking over in late 2024, focusing on improving customer experience and operational efficiency. The stock surged more than 5% after hours following the report, trading near $110 per share — close to its all-time high of $109.23 set earlier that week. Starbucks has outperformed both the S&P 500 and the consumer discretionary sector in 2026 despite broader economic concerns like inflation driven by geopolitical tensions. The company's performance reflects Niccol’s strategy, which includes hiring more staff to reduce wait times and investing in store improvements. The results suggest that Starbucks is regaining its footing as a leading coffee brand with strong customer demand across key markets.
Tickers: $SBUX
Topics: earnings EPS beat guidance upgrade revenue beat stock performance