"Starbucks delivered EPS of $0.50 versus a $0.44 estimate, marking a 13.6% beat. Revenue totaled $9.53 billion, up 8.8% year-over-year, with global comparable store sales increasing by 6.2%."
"The trailing P/E is above 81, and the forward multiple is roughly 43x against management's raised non-GAAP EPS guidance of $2.25 to $2.45, indicating high valuation concerns."
"Niccol raised FY2026 comparable store sales guidance to 5% or greater and lifted non-GAAP EPS to $2.25 to $2.45, showcasing confidence in the company's growth strategy."
Starbucks shares increased 25.3% year-to-date, closing at $105.50 after a strong Q2 FY2026 earnings report. The company reported an EPS of $0.50, exceeding estimates, and revenue of $9.53 billion, reflecting an 8.8% year-over-year growth. Despite positive performance, the stock's high trailing P/E ratio above 81 raises concerns about valuation. CEO Brian Niccol announced raised guidance for comparable store sales and non-GAAP EPS, indicating confidence in the company's strategy and growth potential, although analysts suggest modest downside from current prices.
Read at 24/7 Wall St.
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