Starbucks Boosts Annual Forecast After Strong Sales Surge
WHO:
ABC News Business - Starbucks is the coffee giant involved in the report.
CNBC - Brian Niccol is the CEO of Starbucks.
CNBC - Cathy Smith is the CFO of Starbucks.
WHAT:
CNBC - Starbucks now projects global same-store sales growth of at least 5%, up from previous forecasts of at least 5%.
CNBC - Starbucks' North American same-store sales increased 8.1% in the quarter, with traffic to those restaurants jumping 4.5%.
CNBC - Starbucks reported that revenue from Refreshers climbed by a double-digit percentage in the fiscal third quarter.
CNBC - Starbucks has surpassed its fiscal 2026 goal of 1,000 cafe "uplifts" by achieving this milestone ahead of schedule.
CNBC - Starbucks is now targeting at least 1,500 store renovations by the end of fiscal 2026 and plans to accelerate its renovation plans in the next fiscal year.
ABC News Business - Starbucks reported better-than-expected quarterly revenue and profit.
CNBC - Starbucks raised its full-year outlook after reporting its fourth straight quarter of same-store sales growth.
CNBC - For fiscal 2026, Starbucks expects adjusted earnings per share in a range of $2.55 to $2.65, up from a prior outlook of $2.25 to $2.45 per share.
CNBC - Starbucks projects global same-store sales will rise nearly 6% and U.S. same-store sales will climb more than 6%.
CNBC - Starbucks reported quarterly earnings of $1.05 billion, or 91 cents per share, up from $558.3 million, or 49 cents per share, a year earlier.
CNBC - The company's operating margins expanded to 13.6%, up from 13.3% in the year-ago period.
CNBC - Starbucks earned 85 cents per share excluding restructuring costs and other items.
CNBC - Starbucks opened 175 net new stores and surpassed 1,000 cafe "uplifts."
CNBC - Starbucks is targeting at least 1,500 store renovations by the end of fiscal 2026.
WHERE:
CNBC - A Starbucks logo is displayed at a Target store in Washington.
CNBC - Starbucks' second-largest market is China.
WHEN:
CNBC - The quarter ended June 28.
CNBC - Starbucks announced it was forming a joint venture with Boyu Capital in November.
WHY:
CNBC - The increase in operating margins was partly due to tariff refunds.
CNBC - The "Back to Starbucks" strategy focuses on improving service and making cafes more welcoming.
HOW:
CNBC - The cafe makeovers cost roughly $150,000 on average and generally include more seating, warmer lighting, and dark wood paneling.
CNBC - Starbucks has invested in labor and renovations to its coffee houses.
CNBC - The cafe makeovers cost roughly $150,000 on average and result in higher transactions.
CNBC - Starbucks has retooled its menu by cutting unpopular items and launching new drinks.
(UPDATED July 30, 2026 02:51 UTC)
Starbucks has raised its global same-store sales growth projection to at least 5%, following an impressive 8.1% increase in North American same-store sales during the last quarter, driven by a 4.5% rise in customer traffic. The company also reported a significant double-digit percentage increase in revenue from its Refreshers drinks and has exceeded its fiscal 2026 goal of 1,000 cafe renovations ahead of schedule. Looking ahead, Starbucks is now aiming for at least 1,500 store renovations by the end of fiscal 2026, with plans to accelerate these makeovers, which typically cost around $150,000 each and include enhancements like more seating and warmer lighting.
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(UPDATED July 30, 2026 01:34 UTC)
Starbucks has reported better-than-expected quarterly revenue and profit, marking its fourth straight quarter of same-store sales growth, with earnings reaching $1.05 billion, or 91 cents per share. The company, led by CEO Brian Niccol and CFO Cathy Smith, has raised its full-year outlook for fiscal 2026, now expecting adjusted earnings per share between $2.55 and $2.65, while projecting global same-store sales to rise nearly 6%. To enhance customer experience, Starbucks is investing in labor and renovations, with plans to renovate at least 1,500 stores by the end of fiscal 2026, as part of its "Back to Starbucks" strategy.