Starbucks Stock News
$105.41
0.71%
Nasdaq, Nov 06, 04:26 pm EST.
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Starbucks Stock News
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Starbucks Coffee Company on Thursday provided an update on store closures, as well as fresh plans for future store growth, as it reported earnings for its Q4 and full fiscal year 2026. Here's what to know:
The world's largest coffee chain reported fourth-quarter global same-store sales growth of 7.2%, which surpassed analysts' expectations.
The coffee chain beat expectations on a key sales metric, but its stock was still moving lower.
The coffee-shop chain's same-store sales increased 7.2% in the fiscal fourth quarter, driven by higher average ticket values and an uptick in transactions.
Starbucks beat Wall Street estimates for quarterly comparable sales and earnings on Thursday as its turnaround under CEO Brian Niccol gains traction despite restrained consumer spending.
Starbucks posted mixed quarterly results in the midst of its turnaround. Comparable sales for its U.S. stores topped expectations but the metric fell short of estimates in international markets.
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