Starbucks SBUX Q3 2026: 31% EPS Beat and Raised Full-Year Guidance

Starbucks reported Q3 2026 earnings per share of $0.85, clearing the $0.65 consensus estimate by roughly 31% — the company's strongest beat in recent quarters and a sharp step up from the $0.50 it posted in Q3 2025. Revenue came in at $9.32 billion, about 2.2% above the $9.12 billion analysts had expected. Management followed the results by raising its full-year guidance, signaling confidence that the improvement is durable rather than a one-quarter anomaly.

The headline driver was a 7.9% increase in global comparable store sales, a closely watched metric that strips out the noise of store openings and closures. That kind of comp growth suggests customers are returning more frequently or spending more per visit — or both — under CEO Brian Niccol's turnaround strategy. The reported revenue figure was held back by the structural shift tied to the divestiture of Starbucks' China business, so the top-line number understates the underlying operating momentum.

Zooming out on the earnings history, the trajectory tells a clear story: after SBUX missed estimates in Q2 and Q3 2025 and earned just $0.41 and $0.50 respectively, results have climbed steadily back. The Q3 2026 print of $0.85 is the highest reported EPS in at least the past eight quarters, and the raised guidance sets a higher bar heading into the final quarter of fiscal 2026.