Starbucks Third-Quarter Net Profit Up 87% to $1.045 Billion, Raises Full-Year Guidance
Starbucks reported a third-quarter net profit of $1.045 billion, up 87.23% year over year, with comparable store sales rising 7.9%. Revenue fell 1.41% to $9.323 billion, partly due to the sale of its China equity stake and currency effects. The company opened 175 net new stores, bringing the total to 41,304, and raised its full-year outlook. Shares rose 4.48% in after-hours trading.
Starbucks, the coffeehouse chain, reported a third-quarter net profit of $1.045 billion for the period ended June 2026, up 87.23% from a year earlier, with comparable store sales rising 7.9%. Revenue for the quarter was $9.323 billion, down 1.41%, reflecting the impact of the sale of its equity stake in its China business and currency fluctuations.
In North America, comparable store sales increased 8.1%, while international comparable store sales rose 5.7%. During the quarter, the company opened 175 net new stores, bringing its total to 41,304, of which 33% were company-operated.
Starbucks shares rose 4.48% in after-hours trading to $108.81.
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