Starbucks (SBUX) Q2 2026 earnings

Starbucks on Tuesday raised its full-year outlook for comparable earnings and same-store sales growth after reporting its second straight quarter of traffic growth.

“This quarter marked a milestone for Starbucks – and the turn in our turnaround,” CEO Brian Niccol said in a video posted alongside the company’s fiscal second-quarter results.

For fiscal 2026, Starbucks said global and U.S. same-store sales are now expected to increase by at least 5%, up from its prior projection of an increase of 3%. Starbucks also raised its forecast for adjusted earnings per share to a range of $2.25 to $2.45 from its previous range of $2.15 to $2.40 per share.

Shares of Starbucks rose about 5% in extended trading.

Here’s what the company reported for the period ended March 29 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

• Earnings per share: 50 cents adjusted vs. 43 cents expected
• Revenue: $9.53 billion vs. $9.16 billion expected

Starbucks reported fiscal second-quarter net income attributable to the company of $510.9 million, or 45 cents per share, up from $384.2 million, or 34 cents per share, a year earlier.

Excluding restructuring and impairment costs as well as other items, the company earned 50 cents per share, beating Wall Street expectations.

The company said net sales rose roughly 9% to $9.53 billion.

Starbucks’ global same-store sales, which only includes cafes open at least a year, increased 6.2%, fueled by more visits to its locations. Wall Street was projecting same-store sales growth of 4%, according to StreetAccount estimates.

The company has continued to see similar same-store sales growth into April, Niccol said on the company’s earnings conference call.

North America, the company’s home market, drove most of the quarter’s same-store sales growth. U.S. same-store sales climbed 7.1%, driven by a 4.3% jump in traffic.

“We haven’t seen this transaction strength in years,” Niccol said.

Outside the U.S., growth was more tepid. International same-store sales rose 2.6%.

China, the company’s second-largest market, weighed on its results, with same-store sales growth of just 0.5%. Starbucks has been leaning on more discounts in China to drive more visits, resulting in 2.1% higher traffic but a 1.6% decline in average spend.

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