Starbucks Corp. (SBUX) reported a significant turnaround in its fiscal second quarter of 2026 on April 28, 2026, surpassing the Zacks Consensus earnings estimate by $0.06, with earnings of $0.50 per share versus the expected $0.44. This marks the company’s first earnings beat in five quarters, highlighting a 6.2% increase in global comparable store sales, driven by a 3.8% rise in transactions and a 2.4% increase in average ticket size.
Starbucks raised its fiscal 2026 comparable sales guidance to 5% or higher, up from 3%, and increased its earnings guidance to a range of $2.25 to $2.45 from the previous $2.15 to $2.40. Analysts have also shown optimism, raising nine estimates for fiscal 2026 and revising eight higher for fiscal 2027. The fiscal 2026 Zacks Consensus estimate now sits at $2.40, reflecting a 12.7% year-over-year earnings gain.
Year-to-date, Starbucks shares have begun to outperform the S&P 500, despite a historical 10.9% decline over the past five years. The company currently has a forward P/E ratio of 43 and pays a dividend of $2.48, yielding 2.4%. The resurgence positions Starbucks as a notable turnaround candidate in the restaurant sector.
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