Starbucks: The Comeback Has Started But The Growth Story Is Not Proven

2026-05-12 17:38:48 ET

Investment Thesis

The Q2 fiscal 2026 numbers were better than I expected. Brian Niccol took over Starbucks ( SBUX ) in August 2024 with the company genuinely struggling, and Q2 fiscal 2026 came in at 6.2% global comparable store sales growth , which was the strongest U.S. growth this company has had in three years. All ten major markets were positive simultaneously for the first time in nine quarters. Full-year guidance has been raised and the stock is up roughly a third over the past year, which is faster than I expected....

Read the full article on Seeking Alpha

For further details see: