Earnings Call
Jul 29, 2026
Q2 FY2026
EPS Estimate
0.65
EPS Actual
0.50
Post-Earnings Close
$104.14
Earnings Reaction
+1.0%
Starbucks' second quarter of fiscal 2026 represents the clearest evidence yet that Brian Niccol's Back to Starbucks turnaround is gaining real traction. For the first time in more than two years, the company grew both the top and bottom line simultaneously, consolidated revenue reached $9.5 billion, up approximately 9% year-over-year, global comparable store sales accelerated to 6.2%, and EPS grew 22% to $0.50. Management raised full-year guidance on both comp growth (to 5% or better) and EPS (to $2.25, $2.45), a meaningful signal of confidence given the call came just weeks after the company's Investor Day. The quarter's headline numbers were driven overwhelmingly by transaction volume rather than price, U.S. comps accelerated to 7.1% with transactions up more than 4 percentage points, the strongest transaction growth in three years, suggesting genuine demand recovery rather than ticket inflation.
Report generated on Jul 29, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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