We're raising our price target on Starbucks after a robust beat-and-raise quarter
Airfind news item
Published on April 28, 2026.
Shares of Starbucks rose after the coffee company topped Wall Street estimates and increased its full-year outlook. The company's revenue for the three months ended March 29 was $9.53 billion, up 8.8% year over year and beating the consensus estimate of $916 billion. Adjusted earnings per share (EPS) grew at 50 cents, beating an expectation of 43 cents, and on an annual basis, adjusted EPS grew 22%. Comparable store sales, a key restaurant industry metric, surged 6.2%, surpassing FactSet consensus of 4%. The company posted positive comps across its top ten international markets, including China, for the first time in nine quarters. The success of its cold foam platform was a major driver of success, with sales up 40%. Despite this, North America's operating margins fell 170 basis points to 10.2%.
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