"Our second quarter marked the turn in our turnaround as our Back to Starbucks plan drove both top and bottom line growth."
"We haven't seen this transaction strength in 3 years."
"Our menu innovation is exciting and moving at the speed of culture."
"Refreshers are now a $2 billion platform, and cold foam platform sales rose more than 40% in Q2."
Starbucks experienced a 6.2% increase in same-store sales, ending a streak of flat or declining sales. CEO Brian Niccol's strategies, including faster service and appealing store interiors, contributed to this success. The company reported adjusted EPS of $0.50, exceeding expectations, and revenue of $9.53 billion, up 8.79% year over year. Menu innovations, such as cold foam and boba options, have attracted customers, particularly Gen Z and millennials. Management raised FY2026 non-GAAP EPS guidance to $2.25 to $2.45, indicating continued optimism for growth.
Read at 24/7 Wall St.
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