People outside Starbucks in London, United Kingdom, April 8, 2026.
Mike Kemp | In pictures | Getty Images
Starbucks The group said Tuesday it was raising its full-year outlook for comparable profits and same-store sales growth after reporting its second consecutive quarter of traffic growth.
“This quarter marked an important milestone for Starbucks – and a turning point in our turnaround,” CEO Brian Niccol said in a video released alongside the company’s second-quarter financial results.
For fiscal 2026, the coffee giant previously forecast adjusted earnings per share of between $2.15 and $2.40 and global and U.S. same-store sales growth of at least 3%, based on guidance it shared in late January.
The company is expected to share more details on its new projections during its earnings conference call at 4:15 p.m. ET.
Here’s what the company reported for the period ended March 29 compared to what Wall Street expected, based on a survey of analysts by LSEG:
- Earnings per share: 50 cents adjusted versus 43 cents expected
- Revenue: $9.53 billion versus $9.16 billion expected
The company said its net sales rose 9% to $9.53 billion.
Starbucks’ global same-store sales, which only include cafes open at least a year, rose 6.2%, fueled by increased visits to its locations. Wall Street expected same-store sales growth of 4%, according to StreetAccount estimates.
North America, the company’s home market, generated most of this same-store sales growth. In the United States, same-store sales rose 7.1%, driven by a 4.3% increase in traffic.
Outside the United States, growth was more timid. International same-store sales increased 2.6%.
China, the company’s second-largest market, weighed on its results, with same-store sales growth of just 0.5%. Starbucks is relying on more discounts in China to drive more visits, which led to a 2.1% increase in traffic but a 1.6% decline in average spend.
Shares of Starbucks are up about 16% over the past 12 months as of Tuesday’s close, trailing the S&P 500’s gains of about 29%. The company has a market capitalization of about $110 billion.
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