Starbucks raised its fiscal 2026 adjusted earnings-per-share guidance to a range of $2.55 to $2.65, up from the prior $2.25 to $2.45, an increase of roughly 10% at the midpoint. The upgrade was driven by global comparable store sales growth of 7.9% in the fiscal third quarter, with comparable transactions rising 4.2% and average ticket increasing 3.5%. In the U.S., comparable sales also rose 7.9%, supported by 4.2% transaction growth and a 3.6% higher ticket. Non-GAAP operating margin expanded 430 basis points year over year to 14.4%, and adjusted earnings per share reached $0.85, up 70% from a year earlier. Revenue slipped 1% to $9.3 billion, reflecting the conversion of the China business to a joint venture structure, while the company ended the quarter with 41,304 stores worldwide after 175 net new openings. Shares rose about 5% in after-hours trading, moving back near their 52-week high of $109.23.
Starbucks CorporationStarbucks raised its full-year profit guidance by about 10% and reported strong comparable sales growth, driving shares up 5% after hours.