Starbucks CorporationSBUX
▲ PositiveCapitalrelevance
Raises full-year outlook and beats earnings estimates
Impact on stocks 1
Consumer Discretionary
Starbucks CorporationStarbucks Raises Full-Year Outlook as Traffic Recovery Broadens
Earnings
Starbucks raised its full-year outlook and reported fiscal third-quarter non-GAAP earnings of $0.85 per share, above the Zacks Consensus Estimate of $0.66, while revenues of $9.32 billion fell short of the $9.44 billion consensus. Chairman and CEO Brian Niccol highlighted 7.9% global comparable-store sales growth, led by a 4.2% increase in transactions, and non-GAAP operating margin expanded 430 basis points to 14.4%. CFO Cathy Smith raised fiscal 2026 non-GAAP earnings guidance to $2.55-$2.65 per share, with U.S. comparable-store sales growth expected slightly above 6%, global growth near 6%, flat to slightly higher revenues, and non-GAAP operating margin above 11%. The company completed more than 1,000 North American coffeehouse uplifts and raised its fiscal year-end target to at least 1,500, with early results showing positive transaction effects. Starbucks Rewards reached 35.8 million active U.S. members, and management plans to build afternoon demand through beverages, food, and tighter operating routines.
Starbucks CorporationRaises full-year outlook and beats earnings estimates