Starbucks Raises Full-Year Outlook After Strong Q3 Sales Growth
Earnings·2 articles across 1 outlet·↩ Updated
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Starbucks posted its fourth straight quarter of same-store sales growth, as it continues a turnaround under CEO Brian Niccol. Niccol expressed optimism about 2027, noting an increase in customer visits and the success of new products.
Shares jumped in extended trading as the company's efforts to revive customer loyalty appear to be paying off. Analysts are raising their price targets on Starbucks following what they described as a 'home-run quarter.'
StarbucksBrian Niccol
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Starbucks posted its fourth straight quarter of same-store sales growth, as it continues a turnaround under CEO Brian Niccol.”
CNBC — Starbucks raises full-year outlook as CEO tells CNBC the chain is winning back customer loyalty“Shares jumped in extended trading Thursday as CEO Brian Niccol's turnaround gathers momentum.”
CNBC — We're raising our price target on Starbucks after a home-run quarter“Starbucks stock pops as efforts to revive 'third place' pay off, 2026 outlook improves”
Yahoo Finance — Starbucks stock pops as efforts to revive 'third place' pay off, 2026 outlook improves
SupportCorroborates it
“Starbucks CEO Brian Niccol says he is seeing more customers coming into stores more often.”
Bloomberg — Starbucks Seeing Strong Sales Across the Board, CEO Says
Earlier versions
- Jul 30, 1:29 PM — Starbucks Shares Jump After CEO Brian Niccol's Turnaround Gains Momentum (2/1)