Starbucks' second quarter 2026 revenue rose 9% to beat estimates, powered by a strong 7.1% increase in U.S. comparable sales.

Starbucks reported second quarter fiscal 2026 consolidated net revenues of $9.5 billion, up 9% year-over-year, and Non-GAAP EPS of $0.50. Both revenue and earnings significantly surpassed analyst expectations.

Key Highlights

• U.S. comparable store sales grew 7.1%, well ahead of estimates, driven by a 4.3% increase in transactions.
• Global comparable store sales increased 6.2%, led by a 3.8% rise in transactions, while China comps grew a modest 0.5%.
• Non-GAAP operating margin expanded 120 basis points to 9.4%, breaking a multi-quarter trend of year-over-year contraction.