US EditionStarbucks beats first-quarter global comparable sales estimate as demand rebounds
Starbucks’ global same-store sales rose 4%, surpassing estimates due to holiday drinks, viral merchandise, and a 3% increase in customer transactions, CEO Brian Niccol said.
- On Wednesday, Starbucks Corporation reported global same-store sales rose 4% and net sales increased 6% to $9.92 billion for the quarter ended Dec. 28.
- Brian Niccol has emphasized reviving the coffeehouse experience, and Starbucks trimmed nearly 30% of U.S. menu offerings last year to focus on key lattes.
- In a statement, CEO Brian Niccol said `Our Q1 results demonstrate our 'Back to Starbucks' strategy is working and we believe we're ahead of schedule`, supported by a 3% rise in transactions and a 1% increase in spending per visit from holiday promotions like the Bearista cup and Red Cup day.
- Shares rose 5% in premarket trading after management reinstated full-year targets, and investors expect more details at an investor day in New York City on Thursday.
- Internationally, same-store sales rose 5% with China up 7%, Starbucks opened 128 net new locations and expects fiscal 2026 same-store sales growth of 3% or higher with profit guidance of $2.15 to $2.40 per share.
46 Articles
46 Articles
Why Starbucks Stock Slipped on Wednesday
Key PointsIt posted a mixed first quarter.It beat the consensus analyst revenue forecast but missed on profitability. 10 stocks we like better than Starbucks › Wednesday morning, Starbucks (NASDAQ: SBUX) posted a quarterly earnings report that beat analyst revenue expectations. That wasn't enough to lift its shares into positive territory, though they only dipped by 0.6% in price on the day. Lukewarm performance? Before market open, Starbucks se…
Starbucks' turnaround is starting to click — while it races to get your order out in 4 minutes
Did you order this extra fancy Starbucks drink? It could be off the menu!Beata Zawrzel/NurPhoto via Getty ImagesStarbucks stock was up on Wednesday following the company's Q1 earnings release.The coffee giant reported 4% same-store sales growth, driven by higher average ticket sizes and transaction volume.CEO Brian Niccol said the momentum shows that more customers are visiting more often.Starbucks' earnings report on Wednesday showed a first-qu…
Holidays, a viral bear cup drive strong quarterly sales at Starbucks
Starbucks reported stronger-than-expected sales in its fiscal first quarter as holiday drinks and a viral bear cup helped drive sales. The Seattle coffee giant said Wednesday its global same-store sales rose 4% for the October-December period.
Coverage Details
Bias Distribution
- 63% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
