Folks exterior Starbucks in London, United Kingdom on April 8, 2026.
Mike Kemp | In Footage | Getty Pictures
Starbucks on Tuesday stated it was elevating its full-year outlook for comparable earnings and same-store gross sales development after reporting its second straight quarter of site visitors development.
“This quarter marked a milestone for Starbucks – and the flip in our turnaround,” CEO Brian Niccol stated in a video posted alongside the corporate’s fiscal second-quarter outcomes.
For fiscal 2026, the espresso large was beforehand projecting adjusted earnings per share in a spread of $2.15 to $2.40 and world and U.S. same-store gross sales development of at the very least 3%, primarily based on the forecast it shared in late January.
The corporate is anticipated to share extra particulars on its new projections throughout its earnings convention name at 4:15 p.m. ET.
Here is what the corporate reported for the interval ended March 29 in contrast with what Wall Avenue 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
The corporate stated internet gross sales rose 9% to $9.53 billion.
Starbucks’ world same-store gross sales, which solely consists of cafes open at the very least a yr, elevated 6.2%, fueled by extra visits to its places. Wall Avenue was projecting same-store gross sales development of 4%, in accordance with StreetAccount estimates.
North America, the corporate’s dwelling market, drove most of that same-store gross sales development. U.S. same-store gross sales climbed 7.1%, pushed by a 4.3% leap in site visitors.
Outdoors 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 site visitors however a 1.6% decline in common spend.
Shares of Starbucks have risen about 16% within the final 12 months as of Tuesday’s shut, trailing the S&P 500′s positive aspects of roughly 29%. The corporate has a market cap of about $110 billion.
This story is creating. Please examine again for updates.
