$SBUX

Starbucks closed about 250 stores in North America, including three in California, as part of CEO Brian Niccol's turnaround strategy. The closures represent 1% of its North American stores, according to Chief Operating Officer Mike Grams. Starbucks reported an 8.1% increase in North American comparable store sales in Q3 but lowered its 2026 forecast for new global stores.

Starbucks reported 7.9% global comparable sales growth in Q3 2026, driven by a 4.2% increase in transactions and a 3.5% rise in average ticket size. Delivery services contributed to this growth without reducing in-store visits, according to CEO Brian Niccol. The company plans to integrate delivery into its app to boost its loyalty program.

Starbucks (SBUX) shares have risen 15% YTD, outperforming the restaurant industry. The company reported strong Q3 sales growth, raised fiscal 2026 earnings guidance, and improved operating margins. Its Back to Starbucks strategy is driving customer traffic and sales growth, while menu innovation and rewards programs support sales. However, Starbucks faces risks from coffee costs, potential store closures, and execution challenges.

Starbucks (SBUX) raised its quarterly dividend to $0.63 per share, marking 16 consecutive years of increases. Revenue in Q3 2026 fell 1% to $9.3B, but comparable-store sales rose 7.9%. Management expects fiscal 2026 EPS of $2.55-$2.65, with a dividend payout ratio near 97%. The stock trades at a forward P/E of 30.86, higher than peers like McDonald's (MCD).

Congressman Kevin Hern sold shares in Chevron (CVX), Chubb (CB), Devon Energy (DVN), and other companies, according to a congressional trade report. Chevron shares are up 47% year-to-date, with a 3.27% dividend yield and a P/E ratio of 21.34. Analysts have revised earnings upwards for the company. Hern also bought government securities.

Starbucks is facing a lawsuit over its 'sugar-free' protein beverages, which consumers claim contain 13-21g of sugar per serving. The complaint alleges false advertising and lack of required disclaimers. Starbucks denies wrongdoing and plans to defend itself. The beverages were launched in September 2025.

Starbucks settled with Florida for $1 million, agreeing to drop race- and sex-based hiring goals nationwide. The company certified compliance for four years without admitting liability. The settlement follows a broader legal campaign against DEI practices, with other states suing or warning companies like Costco and Deloitte. The EEOC and DOJ are also enforcing anti-discrimination laws, while some states oppose federal anti-DEI clauses.

Six Flags Entertainment Corp. temporarily closed nine roller coasters across six amusement parks for safety reasons, according to a company spokesperson.

IMF warns of financial risks from rising debt and AI boom. JPMorgan missed earnings, Wells Fargo had mixed results. UnitedHealth raised its outlook. Visa approved for China clearing. Chip sector faces capital crunch. US equity indexes traded mixed. Bumble in $1B takeover talks. Starbucks denies Chipotle acquisition rumors. Delta delays Saudi flights. Upcoming earnings: JPM, JNJ, UNH, GS, WFC.

Starbucks (SBUX) rose 1.69% to $92.29, outperforming broader market indices. The company's stock has fallen 8.09% over the past month. Starbucks is expected to report Q4 earnings on October 29, 2026, with an estimated EPS of $0.72 and revenue of $9.25 billion. Analysts project full-year earnings of $2.59 per share and revenue of $38.02 billion. The stock has a Zacks Rank of #3 (Hold) and trades at a Forward P/E of 28.74.