Starbucks Raises Full-Year Outlook After Sales Surge

Starbucks reported a surge in quarterly profit and sales, driven by a strategic shift back to enhancing its in-store experience, as the company announced on Wednesday, July 29, 2026. The results marked the fourth consecutive quarter of comparable-store sales growth and led the coffee giant to raise its financial outlook for the full year.

For the fiscal third quarter ended June 28, Starbucks posted net income of $1.05 billion, or 91 cents per share, a significant increase from $558.3 million, or 49 cents per share, in the same period last year. Revenue was $9.3 billion, slightly below the prior year's figure, which the company attributed to the divestiture of its retail operations in China. Global comparable-store sales rose 7.9%, surpassing analyst expectations, with growth fueled by a 4.2% increase in customer transactions and a 3.5% rise in average spending per visit.

Company executives credited the strong performance to the ongoing "Back to Starbucks" transformation plan initiated under CEO Brian Niccol. The strategy has focused on revitalizing the traditional coffeehouse atmosphere through extensive store renovations, increased staffing, and operational improvements aimed...