Starbucks Stock Jumps After Earnings Beat and Strong Outlook -- Barrons.com

Dow Jones2026/07/29 20:12

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By Liz Moyer

Starbucks shares jumped nearly 8% in after-hours trading after the company reported third quarter earnings and revenue that beat expectations and a strong outlook that suggests its turnaround is underway.

The stock rose 7.7% after hours, to $111.99, after closing the regular session up 1% to $104.14.

Wall Street expected the coffee chain to report earnings of 66 cents a share and revenue of $9.17 billion.

Starbucks sees full year profit of $2.55 to $2.65 a share, while Wall Street analysts were expecting $2.40 a share.

The company is in the middle of executing a turnaround strategy, with signs of improving traffic and execution in the previous quarter.

This is a breaking news story. Check back here for more details.

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

July 29, 2026 16:12 ET (20:12 GMT)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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