A Starbucks sign is seen outside the coffee company’s global corporate headquarters, May 11, 2026, in Seattle. (AP Photo\/Lindsey Wasson, File)<\/small><\/p>\n
2026-07-29T21:07:09Z<\/p>\n
Starbucks<\/a><\/span> shares soared Wednesday after the coffee giant reported better-than-expected quarterly revenue and profit and raised its financial outlook for the year.<\/p>\n The Seattle company said global same-store sales in its fiscal third quarter rose 7.9%, which was well above the 5.7% increase Wall Street was expecting, according to analysts polled by FactSet. Same-store sales also were up 7.9% in the U.S. during the April-June period, the company said.<\/p>\n Starbucks said it now expects global same-store sales to grow<\/a><\/span> 6% for its full fiscal year. The company previously forecast same-store sales to grow 5% for the year. The company also expects full-year earnings per share of $2.55 to $2.65, up from $2.25 to $2.45 previously.<\/p>\n Starbucks shares were up nearly 8% in after-hours trading Wednesday.<\/p>\n Starbucks Chairman and CEO Brian Niccol<\/a><\/span> said the results were further proof that the company\u2019s turnaround efforts<\/a><\/span> were working. Over the last year, Starbucks has added employees to stores during rush times and used technology to better sequence in-store and mobile orders.<\/p>\n It has also encouraged friendlier service and is redesigning stores<\/a><\/span> and adding seating to give them a cozier, coffeehouse feel. <\/p>\n Revenue fell 1% to $9.3 billion for the quarter, which also beat analysts\u2019 forecast of $9.2 billion. Part of the drop in revenue was due to Starbucks\u2019 sale of a stake<\/a><\/span> in its China business, a transaction that was completed in April.<\/p>\n Starbucks said its net income rose 87% to $1 billion. Adjusted for one-time items, the company earned 85 cents per share, which surpassed analysts\u2019 forecast of 66 cents.<\/p>\n <\/a><\/p>\n <\/p>\n