Starbucks raised its fiscal 2026 outlook, now expecting U.S. comparable store sales growth slightly above 6% and adjusted earnings of $2.55 to $2.65 per share, up from a prior range of $2.25 to $2.45. The company's Back to Starbucks turnaround has driven a 27.2% year-to-date stock gain, with fiscal third-quarter operating margin expanding about 430 basis points to 14.4% and EPS rising roughly 70% to 85 cents. Starbucks also surpassed 1,000 North American coffeehouse uplifts and raised its fiscal 2026 target to at least 1,500, while about 90% of its international portfolio now operates through licensing after the China joint-venture transition. Despite the momentum, the stock trades at a forward price-to-sales multiple of 3.09, below the industry average of 3.18, and faces tougher traffic comparisons and an uncertain consumer backdrop, leading Zacks to rate it a Hold.
Starbucks CorporationRaised fiscal 2026 guidance and reported strong earnings and margin expansion.
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