Starbucks shares have climbed 24% so far in 2026 as of July 21, putting the company on track to outperform the Nasdaq-100 index for the first time since 2022. The coffee chain reported growing global comparable transactions for a second straight quarter in its fiscal second quarter ended March 29, with CEO Brian Niccol noting that U.S. company-operated business grew transactions across all day parts. Starbucks raised its full-year profit guidance to adjusted earnings per share of $2.25 to $2.45, implying a 10% year-over-year jump at the midpoint, and has a target to achieve 5% annual revenue growth by fiscal 2028 after a flat top line expected in fiscal 2026. The stock trades at a forward price-to-earnings ratio of 35.6 and offers a dividend yield of 2.37%, more than double the S&P 500's yield, with payouts increasing 210% over the past decade.
Starbucks CorporationRaised full-year profit guidance and targets 5% annual revenue growth by fiscal 2028.