business / news / / CNBC TV18
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.
Starbucks raised 2026 adjusted earnings per share forecast to $2.25-$2.45, up from $2.15-$2.40.
KEY POINTS
- 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
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