Starbucks reported stronger-than-expected Q3 earnings and revenue, driven by U.S. comparable sales growth of 7.9%.
Starbucks posted Q3 adjusted earnings per share of $0.85, beating estimates of $0.65, as revenue reached $9.30 billion, above the $9.16 billion forecast. The company’s U.S. comparable sales surged 7.9%, surpassing the 5.72% estimate, while international comparable sales rose 5.7%, exceeding the 4.14% projection.
Adjusted operating margin expanded to 14.4%, well above the 11.9% estimate. The company also raised its fiscal 2026 guidance and projected Q4 U.S. comparable sales growth of at least 6.5%, compared to the 4.81% estimate. Global comparable sales for the fiscal year are expected to near 6.0%.
The results reflect strong consumer demand and operational execution, particularly in the U.S. market.