Starbucks earnings outlook points to at least 5% same-store sales growth
Starbucks is due to report quarterly results, with analysts watching whether its turnaround is still lifting cafe traffic and sales.
By Sofia Marchetti · World Affairs Correspondent
2 min read
Starbucks earnings outlook is in focus as the coffee chain prepares to report quarterly results after the market closes Wednesday, CNBC reported. Analysts surveyed by LSEG expect the company to post earnings of 66 cents a share on revenue of $9.16 billion.
The report will test whether Starbucks’ turnaround efforts are continuing to bring customers back. According to CNBC, Wall Street expects same-store sales to rise 6%, which would mark a third consecutive quarter of growth for that measure.
What is Starbucks expected to report?
LSEG’s consensus estimate calls for 66 cents in earnings per share and $9.16 billion in quarterly revenue, CNBC reported. Analysts also expect same-store sales growth of 6%, a closely watched figure because it measures sales at locations open long enough to compare with prior periods.
Same-store sales help investors see whether growth is coming from stronger demand at existing cafes rather than just new store openings. For Starbucks, that figure is central to judging whether its efforts to improve the customer experience are translating into repeat visits and higher spending.
CNBC reported that Starbucks has been trying to win back customers by cutting back on discounts while emphasizing faster service and more inviting cafes. The company has described those moves as part of a broader effort to improve performance after a weaker stretch for the chain.
Starbucks raised its forecast in the prior quarter, CNBC reported. At the time, CEO Brian Niccol said the updated projections were cautious compared with the company’s outperformance during that reporting period.
What is Starbucks forecasting for fiscal 2026?
For fiscal 2026, Starbucks expects global and U.S. same-store sales to increase by at least 5%, according to CNBC. The company also expects adjusted earnings per share in a range of $2.25 to $2.45.
Those targets give investors a benchmark for the coming report and for management’s view of demand through the rest of the fiscal year. CNBC noted that the company still faces broader economic uncertainty and volatility, including higher gas prices that can pressure consumer spending.
Shares of Starbucks have helped lift the company’s market value to roughly $118 billion, CNBC reported. The stock’s reaction to the results will likely depend on whether Starbucks meets the LSEG estimates and whether management keeps confidence in its full-year outlook.
This story draws on original reporting from CNBC.