{"id":565994,"date":"2026-07-29T23:44:20","date_gmt":"2026-07-29T23:44:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/565994\/"},"modified":"2026-07-29T23:44:20","modified_gmt":"2026-07-29T23:44:20","slug":"starbucks-reports-strong-quarterly-sales-and-raises-annual-outlook","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/565994\/","title":{"rendered":"Starbucks reports strong quarterly sales and raises annual outlook"},"content":{"rendered":"

Starbucks<\/a> shares soared Wednesday after the coffee giant reported better-than-expected quarterly revenue and profit and raised its financial outlook for the year.<\/p>\n

The Seattle company said global same-store sales in its fiscal third quarter rose 7.9%, which was well above the 5.7% increase Wall Street was expecting, according to analysts polled by FactSet. Same-store sales also were up 7.9% in the U.S. during the April-June period, the company said.<\/p>\n

Starbucks said it now expects global same-store sales to grow<\/a> 6% for its full fiscal year. The company previously forecast same-store sales to grow 5% for the year. The company also expects full-year earnings per share of $2.55 to $2.65, up from $2.25 to $2.45 previously.<\/p>\n

Starbucks shares were up nearly 8% in after-hours trading Wednesday.<\/p>\n

Starbucks Chairman and CEO Brian Niccol<\/a> said the results were further proof that the company’s turnaround efforts<\/a> were working. Over the last year, Starbucks has added employees to stores during rush times and used technology to better sequence in-store and mobile orders.<\/p>\n

It has also encouraged friendlier service and is redesigning stores<\/a> and adding seating to give them a cozier, coffeehouse feel. <\/p>\n

Revenue fell 1% to $9.3 billion for the quarter, which also beat analysts\u2019 forecast of $9.2 billion. Part of the drop in revenue was due to Starbucks’ sale of a stake<\/a> in its China business, a transaction that was completed in April.<\/p>\n

Starbucks said its net income rose 87% to $1 billion. Adjusted for one-time items, the company earned 85 cents per share, which surpassed analysts’ forecast of 66 cents.<\/p>\n","protected":false},"excerpt":{"rendered":"Starbucks shares soared Wednesday after the coffee giant reported better-than-expected quarterly revenue and profit and raised its financial…\n","protected":false},"author":2,"featured_media":565995,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,60097,9835,9776,122,85,46,19105,9512,917],"class_list":["post-565994","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-commodity-markets","tag-financial-markets","tag-financial-performance","tag-general-news","tag-il","tag-israel","tag-retail-and-wholesale","tag-stocks-and-bonds","tag-u-s-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/565994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=565994"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/565994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/565995"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=565994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=565994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=565994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}