Starbucks Corp (NASDAQ:SBUX, XETRA:SRB) shares rose about 5% in extended trading on Tuesday after the coffee chain topped Wall Street estimates for quarterly revenue and profit, helped by stronger US demand and improved comparable sales.
The company reported fiscal second-quarter revenue of $9.5 billion, above analysts’ expectations of $9.14 billion, while adjusted earnings per share came in at $0.50 cents, compared with estimates of $0.43.
Global comparable store sales rose 6.2% in the quarter ended March, beating expectations for a 3.7% increase, while US comparable sales climbed 7.1%, nearly double the consensus estimate of 3.7%.
Starbucks’ adjusted operating margin improved to 9.4%, ahead of expectations for 8.2%.
North America, the company’s largest market, posted revenue of $6.9 billion, up 7% from a year earlier, with operating margin of 9.9%. International revenue rose 10% to $2.1 billion, although comparable sales growth outside North America lagged expectations.
China comparable sales rose just 0.5%, missing estimates for 3.4% growth, while international comparable sales increased 2.6%, below expectations of 3%.
Channel development revenue, which includes ready-to-drink beverages and packaged coffee, jumped 39% to $567.8 million.
The company also raised parts of its full-year forecast, now expecting global and US comparable sales growth of 5% or greater, up from its prior outlook of at least 3%.
Starbucks lifted its adjusted earnings per share forecast to a range of $2.25 to $2.45 for fiscal 2026, from a prior range of $2.15 to $2.40. Analysts had expected $2.28 per share.
It maintained its expectation for revenue to remain roughly flat year-over-year and said adjusted operating margin should improve slightly from last year.
The company expects to open about 600 to 650 net new coffeehouses globally this year.
Starbucks ended the quarter with 41,129 stores worldwide after adding 11 net new locations during the period.