Starbucks reported mixed fiscal third-quarter results, with adjusted earnings of 85 cents per share beating the Zacks Consensus Estimate of 66 cents by 28.8% and rising 70% year over year, while net revenues of $9.32 billion missed the consensus mark of $9.44 billion by 1.22% and declined 1.4%. Global comparable store sales increased 7.9%, driven by transaction and ticket growth. The company raised its fiscal 2026 adjusted earnings guidance to $2.55-$2.65 per share from the prior range of $2.25-$2.45, and now expects U.S. comparable store sales growth slightly above 6%, up from at least 5%. North America, the largest segment, saw net revenues rise 6.8% to $7.40 billion with comparable sales up 8.1%, while International net revenues fell 34.2% to $1.32 billion due to the conversion of China retail operations to a licensed joint venture. Starbucks also strengthened its cash position to $3.45 billion and reduced long-term debt to $11.78 billion, declaring a quarterly dividend of 62 cents per share payable Aug. 28, 2026.
Starbucks CorporationStarbucks beat earnings estimates and raised fiscal 2026 guidance.
The Cheesecake Factory