Starbucks raises full-year outlook as turnaround takes hold — despite higher gas prices [MSNBC.com]
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Source: MSNBC.com
Starbucks"This quarter marked a milestone for Starbucks – and the turn in our turnaround," CEO Brian Niccol said in a video posted alongside the company's fiscal second-quarter results.For fiscal 2026, Starbucks said global and U.S. same-store sales are now expected to increase by at least 5%, up from its prior projection of an increase of 3%. Starbucks also raised its forecast for adjusted earnings per share to a range of $2.25 to $2.45 from its previous range of $2.15 to $2.40 per share.Alarmed by the current war between U.S. and Iran and its effects on fuel, few companies have chosen to hike their outlook for the full year when reporting their quarterly results in recent weeks, making Starbucks an outlier.Niccol said that higher gas prices haven't changed the behavior of Starbucks customers yet, although he acknowledged even the company's higher forecast raise is cautious — relative to its outperformance this quarter.Shares of Starbucks rose about 5% in extended trading.Here's what
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