Story perspectives

Starbucks Raises Outlook, Forecasts 5% Sales Growth

4/29/2026

Summary

Starbucks Raises Outlook

Starbucks raised its full-year outlook to at least 5 % comparable sales growth and adjusted EPS of $2.25-$2.45, sending shares up about 6 % in extended trading.
Q2 2026 revenue hit $9.5 billion, up 9 % YoY, with adjusted earnings of 50 cents per share and net income of $510.9 million, or 45 cents per share.
Global comparable same-store sales rose 6.2 %, led by a 7.1 % gain in U.S. stores and 0.5 % growth in China, while visits climbed 5.5 %.

Summary

Starbucks Revamps Stores

Starbucks has redesigned about 300 U.S. stores and plans to remodel 1,000 by year-end.
Eighty percent of company-owned U.S. stores meet four-minute in-store/drive-thru and twelve-minute mobile pickup targets, with the quarter also adding premium bakery items and protein-enhanced lattes.
Starbucks closed hundreds of stores in the U.S., Canada and Europe, cut 2,000 corporate jobs, while CFO Cathy Smith warned that the war with Iran and rising fuel costs increase uncertainty.

History

Historical Context

In July 2008, amid the Great Recession, Starbucks closed 600 stores and cut about 12,000 jobs, a move led by CEO Howard Schultz. He then invested $1.5 billion in new store designs, boosting comparable sales by roughly 5 % in 2009. The same redesign focus under CFO Cathy Smith today drives remodels of hundreds of U.S. locations as the chain seeks earnings stability despite volatile energy costs.

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Starbucks Raises Outlook

Starbucks raised its full-year outlook to at least 5 % comparable sales growth and adjusted EPS of $2.25-$2.45, sending shares up about 6 % in extended trading.
Q2 2026 revenue hit $9.5 billion, up 9 % YoY, with adjusted earnings of 50 cents per share and net income of $510.9 million, or 45 cents per share.
Global comparable same-store sales rose 6.2 %, led by a 7.1 % gain in U.S. stores and 0.5 % growth in China, while visits climbed 5.5 %.

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