SEATTLE (dpa-AFX) - Starbucks Corporation (SBUX), a chain of coffeehouses and roastery reserves, on Wednesday initiated earnings guidance for the full year, which is in line with view.
For fiscal 2026, Starbucks anticipates net income of $1.74 to $1.99 per share, with adjusted income of $2.15 to $2.40 per share.
On average, 35 analysts polled forecast SBUX to register earnings of $2.35 per share for the year. Analysts' estimates typically exclude special items.
For fiscal 2026, Starbucks projects global and U.S. comparable store sales growth of 3% or greater, with consolidated net revenues growing at a similar rate.
The company anticipates around 600 to 650 net new coffeehouses globally across company-operated and licensed businesses for fiscal 2026.
The Board will pay a cash dividend of $0.62 per share on February 27 to shareholders of record as of February 13.
SBUX was up by 7.55% at $102.55 in the pre-market trade on the Nasdaq.
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