SBUX surged 23% year-to-date after Q2 EPS topped estimates, driven by 6% global comparable sales growth and 7% North America comps.
Starbucks shares neared a 52-week high of $108.25 after fiscal Q2 2026 earnings exceeded expectations. Adjusted EPS reached $0.50, beating the $0.44 consensus, while revenue grew 8.79% year-over-year to $9.53 billion. Global comparable sales rose 6.2%, with North America comps accelerating to 7.1%.
The company had faced four consecutive earnings misses before this quarter, with shares bottoming near $80 last October. CEO Brian Niccol’s turnaround plan, dubbed ‘Back to Starbucks,’ appears to be gaining traction, though analysts note the stock’s forward P/E of 32 already reflects near-perfect execution. Consensus estimates imply just 4% upside from current levels.
Starbucks operates 41,129 stores globally, with the U.S. and China accounting for 61% of its footprint. The company also declared a $0.62 quarterly dividend and saw 17 insider buys, signaling confidence in the sustainability of its recovery.