Starbucks Is Set To Report Q2 Earnings Soon – Three Analysts Have Already Raised Their Price Targets This Week

Starbucks (SBUX) reported its biggest-ever fall menu launch, with record sales for items like the Pumpkin Spice Latte. CEO Brian Niccol's turnaround efforts have led to four consecutive quarters of global same-store sales growth, with Q3 revenue at $9.3B and adjusted EPS up 70% to $0.85. The company raised its full-year 2026 outlook, guiding for 6%+ growth in U.S. and global comps. SBUX stock is up 24% YTD.

A U.S. appeals court reversed a ruling that Starbucks violated labor laws by restricting union apparel at a Manhattan store, citing the need to balance worker rights with corporate image. The court sent the case back to the labor board for further review. Starbucks and the labor board did not comment. The ruling follows similar decisions involving Home Depot and Tesla.

Starbucks has appointed Andrew Corner as Senior Vice President of Supply Chain. He previously worked at Nike for nearly a decade, most recently as VP of Global Supply Chain & Planning Operations. Corner expressed gratitude for his time at Nike and enthusiasm for his new role at Starbucks. The 2026 RTIH Innovation Awards will focus on supply chain technology, with entries now open and the ceremony scheduled for November 4, 2026.

Pfizer (PFE) beat revenue expectations for the 9th time in 10 quarters, with a 6.2% dividend yield and a 37x valuation multiple. Starbucks (SBUX) reported 7.9% comparable sales growth, raised 2026 EPS guidance, and offers a 2.3% yield with a 62x multiple. Pfizer's turnaround is further along in earnings, while Starbucks shows sales momentum. Both companies raised forward outlooks, indicating genuine recovery.

Starbucks will launch its Pumpkin Spice Latte and seven new fall drinks on August 25, including pumpkin and banana bread-inspired beverages. The menu also features returning items like the Pumpkin Cream Cold Brew and new food options, such as a protein pocket. Additionally, a PSL merchandise collection will be available.

Starbucks (SBUX) reported a 7.9% rise in global comparable-store sales, with U.S. and international sales also increasing. Adjusted EPS rose 70% YoY to $0.85, exceeding analyst estimates. The company is cutting costs, including 200+ jobs, and plans to open new stores. Analysts expect Q4 EPS of $0.71, with a consensus price target of $111.21.