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Starbucks reports Q3 adjusted EPS 50c, consensus 65c

Reports Q3 revenue $9.5B, consensus $9.31B. Global comparable store sales declined 2%, driven by a 2% decline in comparable transactions, partially offset by a 1% increase in average ticket. North America comparable store sales declined 2%. International comparable store sales were flat, driven by a 1% increase in comparable transactions. “We’ve fixed a lot and done the hard work on the hard things to build a strong operating foundation, and based on my experience of turnarounds, we are ahead of schedule,” commented Brian Niccol, chairman and chief executive officer. “In 2026, we’ll unleash a wave of innovation that fuels growth, elevates customer service, and ensures everyone experiences the very best of Starbucks (SBUX). We’re building back a better Starbucks experience and a better business,” Niccol added.

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