Starbucks Raises FY2026 Earnings Outlook to $2.55-$2.65 and Targets Expansion of Coffee Houses
Starbucks (SBUX) has raised its fiscal year 2026 earnings per share outlook to a range of $2.55 to $2.65, reflecting strong performance in the third quarter with four consecutive quarters of positive global comparable sales growth and two consecutive quarters of consolidated margin expansion. The company also announced plans to open at least 1,500 new coffee houses across North America by year-end as part of its ongoing strategy under 'Back to Starbucks' initiative. The CEO highlighted that the results validate this strategic plan's effectiveness in driving both sales and profitability.
Tickers: $SBUX
Topics: Back to Starbucks plan Earnings Global comps Margin growth