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Starbucks reports strong quarterly sales

July 30, 2026
Source: bnnbloomberg.ca bnnbloomberg.ca
News Snapshot:
Starbucks shares soared Wednesday after the coffee giant reported better-than-expected quarterly revenue and profit and raised its financial outlook for the year.The Seattle company said global same-store sales in its fiscal third quarter rose 7.9 per cent, which was well above the 5.7 per cent increase Wall Street was expecting, according to analysts polled by FactSet. Same-store sales also were up 7.9 per cent in the U.S. during the April-June period, the company said.Starbucks said it now expects global same-store sales to grow 6 per cent for its full fiscal year. The company previously forecast same-store sales to grow 5...
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China Tech Buzz Topics: Business | CEO | chairman | China | Coffee | finance | financial | Giant | IT | mobile | Outlook | profit | revenue | sales | Seattle | service | share | shares | Starbucks | store | technology | U.S.

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