Starbucks Raises Full-Year Guidance Amid Strong Comparable Store Sales Growth
Starbucks (NASDAQ:SBUX) reported better-than-expected results for its fiscal third quarter of 2026. Despite a 1% decline in revenue to $9.3 billion due to the divestiture of Starbucks China, earnings per share rose sharply by 86%, and adjusted EPS climbed 70%. The company's comparable store sales increased by 7.9%, driven by higher customer visits and spending. The growth was broad-based across regions: North America saw a 8.1% increase in comps, while international markets improved by 5.7%. Starbucks also raised its full-year guidance for U.S. and global comp sales to at least 6%, up from the previous forecast of 5%. The company opened 175 new stores during the quarter and completed a joint venture with Boyu Capital over Starbucks China. Starbucks' CEO Brian Niccol emphasized that customer experience is central to its recovery, noting four consecutive quarters of comp growth. Investors are watching closely as the company continues to improve profitability while maintaining dividend payments.
Topics: comparable store sales EPS guidance raise revenue Starbucks