Starbucks lifts full-year guidance after solid Q3 results
Jul 30, 2026, 9:42 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Strong earnings beat across EPS and revenue combined with raised guidance tends to drive price upside and multiple re-rating. Past reactions to beat-and-raise events for consumer staples peers show uplift, though near-term resistance can cap runaway gains.
AI summary
What happened, with direct paths to the underlying reporting
Starbucks posted a stronger-than-expected Q3, with adjusted EPS of $0.85 and revenue of $9.32 billion. Global comps rose 7.9% as transactions and average ticket grew, and the company raised full-year EPS guidance to $2.55-$2.65, signaling durable momentum. The stock jumped around 4%, highlighting optimism for continued growth as the Back to Starbucks plan advances.
Q3 adj EPS $0.85 vs $0.66 est; revenue $9.32B vs $9.15B est.
Global comp store sales +7.9%; U.S. +7.9%, international +5.7%.
Net new stores: 175; total stores: 41,304 worldwide.
FY EPS guidance raised to $2.55-$2.65; consensus $2.40.
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