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Starbucks CEO Brian Niccol: 'The turn has occurred' - now it's in growth mode
Yahoo Finance • • business
Key Points:
- Starbucks reported a fiscal fourth-quarter adjusted earnings beat of $0.80 per share, surpassing estimates of $0.71, signaling a strong financial turnaround.
- Global comparable-store sales increased by 7.2%, with U.S. same-store sales accelerating to 7.7%, driven by higher ticket sizes and transaction volumes, particularly in cold beverages and food.
- Operating margins expanded by 460 basis points to 14%, reflecting improved profitability alongside robust sales growth.
- The company provided fiscal 2027 adjusted profit guidance of $3.15 to $3.25 per share, slightly above the $3.14 consensus estimate, indicating confidence in future growth.
- CEO Brian Niccol emphasized ongoing innovation, including AI-enhanced drive-thrus, new caffeine-free beverage options, and portable food items, positioning Starbucks for sustained expansion.
