Starbucks

Starbucks has completed the restructuring announced in May and eliminated 104 positions. Those affected include staff in the store design and construction team as well as about 120 employees who declined to relocate from Seattle to Nashville. The company expects the Nashville site to employ roughly 2,000 people going forward. Under CEO Brian Niccol, Starbucks is targeting $2 billion in cost savings within two years; more than 2,300 corporate positions have already been cut since last year. » Más en de.investing.com

Starbucks reported Q3 non-GAAP EPS of $0.85 versus $0.65 expected, revenue of $9.32 billion and global same-store sales up 7.9%, driven by North America comps of 8.1% and a 4.5% rise in transactions. Management raised FY26 non-GAAP EPS guidance to $2.55–$2.65 for the third time this year and operating margin expanded 430 basis points to 14.4%. Analysts see upside to a $120.60 price target on continued margin improvement and Channel Development growth, while risks include high valuation, negative shareholders’ equity and potential comp deceleration. » Más en finance.yahoo.com

Starbucks reports worldwide comparable sales growth of 7.9%, supported by higher transaction counts and increased average checks. Company revenue declined slightly due to the structural shift to a joint‑venture model in China, but margin performance was solid. Results prompted an upward revision of the full‑year forecast, and the share price is approaching a 52‑week high. » Más en finanzen.net