Starbucks Raises Outlook
Starbucks reported strong quarterly sales and lifted its annual forecast.
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Starbucks raised its fiscal 2026 outlook after its third quarter ended June 28, now projecting adjusted earnings of $2.55 to $2.65 per share, up from $2.25 to $2.45. Revenue was $9.32 billion, above the $9.16 billion consensus estimate, while another analyst forecast had put it at $9.1 billion. Global same-store sales rose 7.9%, exceeding the 5.7% Wall Street expected, and the company now expects global comparable sales to rise nearly 6% for the year.
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