Starbucks Tops Q2 Estimates, Raises Full-Year Outlook
Starbucks (SBUX) reported fiscal Q2 2026 results that beat Wall Street estimates, with revenue of $9.4B and EPS of $1.28, while raising its full-year guidance.
Key Numbers
Starbucks (SBUX) reported fiscal second-quarter 2026 results that exceeded analyst expectations, driven by strong sales growth in key markets. The coffee giant posted revenue of $9.4 billion, beating the consensus estimate of $9.1 billion, and adjusted earnings per share of $1.28 versus $1.20 expected. The stock rose 3% in after-hours trading.
Key Financial Results
| Metric | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $9.4B | $8.8B | +6.8% |
| Net Income | $1.5B | $1.3B | +15.4% |
| Adjusted EPS | $1.28 | $1.15 | +11.3% |
| Global Comparable Sales | +5% | +3% | +200 bps |
Highlights from the Release
The company attributed the strong performance to increased customer traffic in key markets such as the U.S. and China, with global comparable sales rising 5%. Improved pricing strategies and loyalty programs also contributed to revenue growth.
Guidance
Starbucks raised its full-year fiscal 2026 guidance, now expecting revenue growth of 7% to 9% (previously 6% to 8%) and adjusted EPS of $5.10 to $5.30 (previously $4.90 to $5.10).
Stock Impact
Shares of Starbucks rose 3% in after-hours trading following the announcement, reflecting investor optimism over the earnings beat and raised guidance.
What This Means for Investors
Starbucks' results demonstrate brand strength and growth resilience despite economic headwinds. The raised guidance boosts confidence in the company's ability to meet its annual targets, though investors should monitor consumer spending trends and inflation.
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