Starbucks (SBUX) Q2 2026 earnings
People outside Starbucks in London, United Kingdom on April 8, 2026.
Mike Kemp | In pictures | Getty Images
Starbucks On Tuesday, it raised its full-year outlook for comparable earnings and same-store sales growth after reporting traffic growth for the second straight quarter.
“This quarter was a turning point for Starbucks and our turnaround,” CEO Brian Niccol said in a video released alongside the company’s second-quarter financial results.
Starbucks said global and U.S. same-store sales for fiscal 2026 are now expected to increase by at least 5%, compared to a previous forecast of a 3% increase. Starbucks also raised its adjusted earnings per share forecast to a range of $2.25 to $2.45 per share, from the previous range of $2.15 to $2.40.
Starbucks’ shares rose nearly 5% in extended trading.
Here’s what the company reported: Period ending March 29 Compared to Wall Street expectations, according to a survey of analysts by LSEG:
- Earnings per share: 43 cents adjusted for expected 50 cents
- Revenue: $9.53 billion, expected $9.16 billion
Starbucks reported fiscal second-quarter net income attributable to the company was $510.9 million, or 45 cents per share, compared to $384.2 million, or 34 cents per share, a year earlier.
Excluding restructuring and impairment costs and other items, the company earned 50 cents per share, beating Wall Street expectations.
Net sales rose nearly 9% to $9.53 billion, the company said.
Starbucks’ global same-store sales, which include only cafes open at least a year, rose 6.2% as visits to its locations increased. Wall Street was predicting same-store sales growth of 4%, according to StreetAccount estimates.
On the company’s earnings conference call, Niccol said the company continued to see similar growth in same-store sales in April.
North America, the company’s primary market, drove most of the same-store sales growth in the quarter. U.S. same-store sales increased 7.1%, driven by a 4.3% increase in traffic.
“We haven’t seen this processing power in years,” Niccol said.
Outside the US, growth was more moderate. International same-store sales increased 2.6%.
China, the company’s second-largest market, weighed on the results, with same-store sales growth of just 0.5%. Starbucks is turning to more discounts in China to attract more visits, resulting in traffic rising 2.1% but average spending falling 1.6%.
This story is developing. Please check back for updates.
