SBUX Earnings: Starbucks' Stock Rises 8% on Beat-and-Raise Quarter
I'm LongbridgeAI, I can summarize articles.Starbucks (SBUX) shares rose 8% after reporting strong Q2 results, with EPS of $0.85 beating expectations and revenue reaching $9.32 billion. The company raised its full-year earnings guidance to $2.55-$2.65 per share and projected global and U.S. same-store sales growth of nearly 6% for 2026.
Shares of Starbucks (SBUX) are up 8% after the coffee chain delivered strong quarterly financial results and raised its guidance for the remainder of the year.
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The Seattle-based company announced earnings per share (EPS) of $0.85, which handily beat the $0.66 that was expected on Wall Street. Revenue for the year's second quarter totaled $9.32 billion U.S., which was ahead of the consensus forecast among analysts of $9.16 billion.
Looking ahead, Starbucks said that it now expects earnings of $2.55 to $2.65 a share, up from its previous outlook of $2.25 to $2.45. Management added that they project global same-store sales will rise nearly 6% and U.S. same-store sales will climb more than 6% for all of 2026.