Starbucks stock jumps as coffee giant raises full-year ou…

Starbucks reported strong Q3 2026 earnings, exceeding analyst estimates and boosting its full-year outlook. The company experienced a same-store sales growth of 7.9%, surpassing expectations, marking its fourth consecutive quarter of growth. Adjusted earnings per share rose to 85 cents from the expected 66 cents, and revenue reached $9.32 billion against an $8.96 billion forecast. Despite a 1% drop in net sales due to the sale of its China operations, U.S. same-store sales increased by 8.1%, contributing to a positive momentum as noted by CEO Brian Niccol.

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Key Points

Starbucks topped quarterly earnings and revenue estimates and hiked its full-year outlook.
The company posted same-store sales growth of 7.9%, topping Wall Street's expectations.
The results continue an ongoing turnaround under CEO Brian Niccol.

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A Starbucks logo is displayed on a sign at a Target store in Washington, July 22, 2026.

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Starbucks on Wednesday raised its full-year outlook after reporting its fourth straight quarter of same-store sales growth.

For fiscal 2026, Starbucks now expects adjusted earnings per share in a range of $2.55 to $2.65, up from its prior outlook of $2.25 to $2.45 per share.

It now also projects global same-store sales will rise nearly 6% and U.S. same-store sales will climb more than 6%; the company was previously forecasting global and U.S. same-store sales growth of at least 5%.

"This was the quarter our momentum became truly measurable," CEO Brian Niccol said in a video shared with the company's earnings press release.

The coffee giant also reported quarterly earnings and revenue that topped analysts' expectations.

Shares of the company jumped more than 7% in extended trading.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

Earnings per share: 85 cents adjusted vs. 66 cents expected
Revenue: $9.32 billion vs. $9.16 billion expected

Excluding items, Starbucks earned 85 cents per share.

Net sales dropped 1% to $9.3 billion due to the company's sale of a controlling stake in its China business. In November, Starbucks announced it was forming a joint venture with Boyu Capital, which would take over operations in the coffee chain's second-largest market.

Although Starbucks' overall revenue fell, its sales at stores open at least a year climbed 7.9%, topping Wall Street estimates of 6%, according to StreetAccount.

The coffee chain reported increases in both transactions and average check, showing that customers are returning to its cafes and spending more on their orders.

The company's U.S. same-store sales increased 8.1% in the quarter. Outside of Starbucks' home market, same-store sales rose 5.7%.

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Starbucks stock jumps as coffee giant raises full-year outlook