Starbucks (SBUX) rallies after reporting strong results for fourth quarter

Starbucks (NASDAQ: SBUX) posted an impressive set of results that surpassed analyst expectations, sending its shares more than 7.5% higher in early New York trading on Thursday.

Global comparable sales increased by 8%, outperforming the expected 6.3%. The U.S. also saw a comparable sales growth of 8%, while same-store sales rose 5% internationally, below the expected 6.3%.

In the Chinese market, comparable sales increased by 5%, surpassing the estimated 4.6%.

Starbucks reported an adjusted earnings per share of $1.06, topping the expected 97 cents. Net revenue for the quarter reached $9.4 billion, while analysts were looking for $9.29 billion.

“We finished our fourth quarter and full fiscal year strong, delivering on the higher end of our full-year guidance. Our Reinvention is moving ahead of schedule, fueling revenue growth, efficiency and margin expansion,” commented Laxman Narasimhan, chief executive officer.

By Senad Karaahmetovic

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• Nebius releases AI Cloud 3.6 with new agent and security tools
• Tech eyes recovery after selloff, Micron to report results - What’s moving markets