cnbc_topnews

Starbucks stock jumps as coffee giant raises full-year outlook

📰 source: cnbc_topnews · 💼 business

starbucks stock jumped over 9% in extended trading after the coffee giant raised its full-year outlook and beat quarterly estimates. the company now expects adjusted eps of $2.55 to $2.65 for fiscal 2026, up from $2.25 to $2.45. global same-store sales are expected to rise nearly 6%, with us same-store sales climbing more than 6%.

ceo brian niccol called the quarter a measurable moment of momentum. quarterly adjusted eps came in at 85 cents versus 66 cents expected, on revenue of $9.32 billion versus $9.16 billion. net income more than doubled to $1.05 billion. operating margins expanded to 13.6% from 13.3%, helped by tariff refunds. net sales dipped 1% due to selling a controlling stake in the china business.

us same-store sales rose 8.1%, driven by a 4.5% increase in traffic and 3.5% higher average ticket. international same-store sales rose 5.7%. starbucks opened 175 net new stores and hit its cafe renovation target of 1,000 ahead of schedule, now aiming for 1,500 by year-end.

why it matters: strong earnings and raised outlook signal starbucks' turnaround efforts under niccol are gaining traction, boosting investor confidence.

source: cnbc_topnews
sentiment: +0.80 · impact: 0.60

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Surprise fall in US jobs last month as slow summer continues

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects