"Our second quarter marked the turn in our turnaround as our Back to Starbucks plan drove both top and bottom line growth."
"Starbucks's management raised its FY2026 guidance to 5% or greater global and U.S. comp growth and non-GAAP EPS of $2.25 to $2.45."
"RBC notes the Q2 report beat on top and bottom line but warns that EPS guidance implies second-half Street estimates coming down."
"Wells Fargo highlights that 7% NA comparable sales exceeded the bar, momentum continued in April, and earnings per share (EPS) beat and were raised as initiatives bear fruit."
Starbucks reported a strong Q2 FY2026 earnings, with global comparable store sales rising 6% and North America comps climbing 7%. The company’s revenue reached $9.53 billion, a 9% year-over-year increase, and adjusted EPS was $0.50, surpassing the $0.44 consensus. Major firms raised their stock price targets, reflecting confidence in CEO Brian Niccol's 'Back to Starbucks' plan. However, concerns about margin pressure and EPS guidance for the second half remain. The board declared its 64th consecutive quarterly dividend at $0.62 per share.
Read at 24/7 Wall St.
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