Starbucks Exceeds Earnings Estimates, Raises Full-Year Forecasts
Starbucks (SBUX) reported better-than-expected earnings for its latest quarter, with adjusted EPS of $0.85 and revenue of $9.32 billion. While the topline was down slightly year-over-year by 1%, it still beat analyst expectations. Same-store sales growth came in at 7.9%, surpassing forecasts by over 2%. As a result, Starbucks raised its full-year guidance for both same-store sales and adjusted earnings per share. Analysts from William Blair and Morgan Stanley expressed optimism about the company's progress under CEO Brian Niccol’s leadership since late 2024. The firm has implemented changes such as streamlining operations and simplifying menus to improve efficiency and customer experience, part of its 'Back to Starbucks' turnaround strategy.
Tickers: $SBUX
Topics: Earnings Sales Growth Turnaround Strategy