# Starbucks shares rose over 5% after raising full year and 2026 earnings forecasts, as Brian Niccol’s Back to Starbucks strategy drove strong same store sales and revenue growth.

*business · news · 2026-04-29 · CNBC TV18*

## Key points

- Starbucks raised 2026 adjusted earnings per share forecast to $2.25-$2.45, up from $2.15-$2.40.
- Global same-store sales grew 6.2% in Q2, surpassing analyst expectations of 3.7%.
- 80% of U.S. company-owned stores now meet the new speed targets set by Starbucks.
- 300 U.S. stores have been redesigned for a cozier feel, aiming for 1,000 by year’s end.
- Starbucks closed hundreds of stores and laid off at least 2,000 non-retail employees last year.

**Companies:** Starbucks
**Countries:** United States

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/starbucks-raises-forecasts-after-strong-quarter-shares-jump-5-after-hours-ws-l-19895392.htm)

---

Canonical: https://newsio.io/n/208d48d3-560c-4725-8ade-512d7528d09b/starbucks-shares-rose-over-5-after-raising-full-year-and-2026-earnings-forecasts
Summarized by Newsio from CNBC TV18. https://newsio.io/how-it-works