Folks exterior Starbucks in London, United Kingdom on April 8, 2026.
Mike Kemp | In Photos | Getty Pictures
Starbucks on Tuesday raised its full-year outlook for comparable earnings and same-store gross sales development after reporting its second straight quarter of visitors development.
“This quarter marked a milestone for Starbucks – and the flip in our turnaround,” CEO Brian Niccol mentioned in a video posted alongside the corporate’s fiscal second-quarter outcomes.
For fiscal 2026, Starbucks mentioned world and U.S. same-store gross sales at the moment are anticipated to extend by a minimum of 5%, up from its prior projection of a rise of three%. Starbucks additionally raised its forecast for adjusted earnings per share to a variety of $2.25 to $2.45 from its earlier vary of $2.15 to $2.40 per share.
Shares of Starbucks rose about 5% in prolonged buying and selling.
Here is what the corporate reported for the interval ended March 29 in contrast with what Wall Road was anticipating, primarily based on a survey of analysts by LSEG:
- Earnings per share: 50 cents adjusted vs. 43 cents anticipated
- Income: $9.53 billion vs. $9.16 billion anticipated
Starbucks reported fiscal second-quarter web revenue attributable to the corporate of $510.9 million, or 45 cents per share, up from $384.2 million, or 34 cents per share, a yr earlier.
Excluding restructuring and impairment prices in addition to different objects, the corporate earned 50 cents per share, beating Wall Road expectations.
The corporate mentioned web gross sales rose roughly 9% to $9.53 billion.
Starbucks’ world same-store gross sales, which solely consists of cafes open a minimum of a yr, elevated 6.2%, fueled by extra visits to its places. Wall Road was projecting same-store gross sales development of 4%, based on StreetAccount estimates.
The corporate has continued to see comparable same-store gross sales development into April, Niccol mentioned on the corporate’s earnings convention name.
North America, the corporate’s residence market, drove many of the quarter’s same-store gross sales development. U.S. same-store gross sales climbed 7.1%, pushed by a 4.3% leap in visitors.
“We’ve not seen this transaction energy in years,” Niccol mentioned.
Exterior the U.S., development was extra tepid. Worldwide same-store gross sales rose 2.6%.
China, the corporate’s second-largest market, weighed on its outcomes, with same-store gross sales development of simply 0.5%. Starbucks has been leaning on extra reductions in China to drive extra visits, leading to 2.1% greater visitors however a 1.6% decline in common spend.
This story is creating. Please examine again for updates.
