US Stock Market Move | Starbucks Corporation (SBUX.US) rose more than 7% in the second quarter with a 33% increase in net profit, and raised its full-year performance guidance.

On Wednesday, Starbucks Corporation (SBUX.US) rose more than 7%, closing at $104.24. According to the financial report, in the second quarter of the fiscal year 2026, Starbucks Corporation's global net revenue reached $9.53 billion, an 8.8% increase from the same period last year's $8.76 billion, not only breaking historical records, but also exceeding market expectations of $9.16 billion. Net profit attributable to Starbucks Corporation was recorded at $510.9 million, a significant increase of 33% compared to the same period last year's $384.2 million. In terms of earnings per share, GAAP diluted earnings per share were $0.45, a 32% increase. Non-GAAP adjusted earnings per share reached $0.50, a 22% increase from last year, far exceeding the market's general expectations of $0.43. Benefiting from improved operating efficiency, GAAP operating profit margin expanded from 6.9% to 8.7% compared to the same period last year, while Non-GAAP operating profit margin also increased by 120 basis points to 9.4%, demonstrating substantial improvement in profit quality while expanding the scale of the company. The most significant highlight in the second quarter financial report was the overall recovery of global comparable store sales. Global comparable store sales increased by 6.2% in this quarter, reversing the previous downward trend. The performance in the core market of North America was particularly strong, with a significant increase in comparable store sales of 7.1%, driven by a 4.4% increase in customer traffic and a 2.6% increase in average ticket size, showing strong consumer willingness to return. Based on the better-than-expected performance in the second quarter, the management of Starbucks Corporation has strong confidence in the full year performance and has raised the full year performance guidance for the fiscal year 2026. The company has raised the full year comparable store sales growth expectation from the previous 3% to "at least 5%", while also raising the adjusted earnings per share guidance range from $2.15-$2.40 to $2.25-$2.45.