Starbucks lifts full-year outlook as turnaround gains pace

Starbucks raised its full-year outlook, forecasting adjusted EPS of $2.55-$2.65 and global same-store sales growth near 6%, up from previous guidance. This revision follows a strong Q3 where comparable sales rose 7.9%, driven by a 4.2% increase in transactions. The company is also expanding into the post-11 a.m. market with new drinks to support afternoon growth.

Forecasts revised higher: The company now expects adjusted EPS of $2.55 to $2.65 and global same-store sales growth near 6%, up from prior guidance. Traffic drives growth: Q3 comparable sales rose 7.9%, led by a 4.2% increase in transactions, signaling demand growth beyond price increases. Afternoon push builds: New drinks and menu tests aim to unlock the $11 billion post-11 a.m. market, supporting both morning and afternoon growth.