Starbucks raises forecasts after strong quarter as CEO’s turnaround gains momentum; shares jump
It forecast fiscal 2026 global same-store sales to increase 5%, above its prior estimates of a 3% rise or higher
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountStarbucks (SBUX-Q) beat estimates for quarterly comparable sales and raised its annual forecasts, signaling investments in faster service and improved staffing under CEO Brian Niccol’s efforts to turn around the coffee chain pulled in more customers.The company’s shares jumped nearly 6% in extended trading on Tuesday. The stock has gained about 15% this year.Niccol has refocused the coffee chain on in-store execution through measures like a simplified menu and shortened wait times and has paired that with the “Back to Starbucks” initiative, which includes improvements to worker compensation to boost employee retention and consistency on the floor.The company projected fiscal 2026 adjusted profit per…
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