Starbucks Corp (NASDAQ:SBUX) reported financial results for the second quarter of fiscal 2026 after the market close on Tuesday. Here’s a rundown of the report.
- Starbucks stock is trading at elevated levels. What’s the outlook for SBUX shares?
Starbucks Q2 Highlights
Starbucks reported fiscal second-quarter revenue of $9.53 billion, beating analyst estimates of $9.16 billion. The coffee giant reported adjusted earnings of 50 cents per share for the quarter, beating analyst estimates of 43 cents per share, according to Benzinga Pro.
Consolidated net revenue was up 9% on a year-over-year basis as global comparable store sales climbed 6.2%, driven by a 3.8% increase in transactions and a 2.3% increase in average ticket.
Comparable store sales were up 7.1% in North America and increased 2.6% internationally. The company said comparable store sales in China were up 0.5% in the quarter.
“Our second quarter marked the turn in our turnaround as our Back to Starbucks plan drove both top and bottom line growth,” said Brian Niccol, chairman and CEO of Starbucks.
“This is the Starbucks our customers deserve and the Starbucks we believe will deliver long-term growth and value for our partners and shareholders as we execute consistently, at scale.”
Starbucks opened 11 net new stores in the quarter and ended the period with 41,129 total locations. The company said it had approximately $1.53 billion in cash and cash equivalents at quarter’s end.
Looking ahead, Starbucks expects global and U.S. comparable sales growth of 5% or more in fiscal 2026. Consolidated net revenues are expected to be roughly flat on a year-over-year basis, and adjusted earnings are expected to be between $2.25 and $2.45 per share versus estimates of $2.30 per share.
Starbucks' board declared a cash dividend of 62 cents per share, payable on May 29 to shareholders of record as of May 15.
Starbucks executives are currently discussing the quarter on an earnings call that kicked off at 4:15 p.m. ET. A link to the call has been provided below.
SBUX Shares Move Higher After The Bell
SBUX Price Action: Starbucks shares were up 4.98% in after-hours Tuesday, trading at $102.12 at the time of publication, according to Benzinga Pro.
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