Starbucks Crushes Q3 Estimates, Raises 2026 Outlook on 7.9% Comp Growth
SBUX sits 45% above its 52-week low of $77.99.
Summary
Starbucks delivered a standout Q3: revenue of $9.30B beat the $9.16B consensus, and adjusted EPS of $0.85 crushed the $0.66 estimate—a 70% jump year-over-year. Global comparable store sales surged 7.9%, driven entirely by transaction growth, with North America revenue up 7% on higher delivery and food attach. The company raised its full-year 2026 guidance, now expecting U.S. comp sales growth slightly above 6%, global comps nearing 6%, and non-GAAP EPS of $2.55-$2.65. This follows a May restructuring that included $400M in charges and 300 corporate job cuts—today's results show those moves are paying off. The stock, already near a 52-week high, is likely to re-rate further as the market digests the magnitude of the beat and the raised outlook.
At the time of this announcement, SBUX was trading at $113.20 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $118.7B. The 52-week trading range was $77.99 to $109.23. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.