Starbucks’ ongoing turnaround plan includes new menu items.
Transcript:
A Starbucks comeback is brewing — the company said its turnaround is “ahead of schedule,” but investors aren’t fully buying it. Shares popped at the open but have since turned lower.
The coffee giant reported mixed quarterly results – Revenue beat expectations but global same-store sales fell for the sixth quarter in a row.
Still, there were signs of a rebound:
North America’s comp sales fell less than expected. And in China – its second-biggest market – Starbucks posted same-store sales growth.
Meanwhile, CEO Brian Niccol promised “a wave of innovation” in 2026 – including protein cold foam, a new dark roast, and coconut water-based tea and coffee.
Analysts are more bullish though. Several raised their price targets in response. The highest on the Street? $115 per share – nearly 30% higher than where it’s currently trading.
That’ll do it for your daily briefing. From the New York Stock Exchange, I’m Caroline Woods with TheStreet.
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