New CEO Brian Niccol says a Starbucks Corp. (NASDAQ: SBUX) turnaround is on track.
Starbucks shares jump 5% premarket after resilient FQ3 results, with better-than-expected revenue and manageable declines in North America and growth in China. Strategy buys $2.4B in bitcoins using proceeds from preferred stock sale.
Starbucks Corp (NASDAQ:SBUX, ETR:SRB) shares rose 4.6% after hours on Tuesday as the coffee chain said its turnaround efforts are ahead of schedule, encouraging investors despite a sharper-than-expected drop in profits. Adjusted earnings per share for the third quarter fell to $0.50, down 46% from a year earlier and well below analysts' forecasts.
Starbucks is phasing out mobile order-only stores, converting some to full-service locations. The shift comes as Starbucks faces declining same-store sales for six consecutive quarters.
Starbucks is looking for a local partner to help run its stores in China. CEO Brian Niccol said he believes there will be thousands more Starbucks outlets in China's future.
Starbucks Corporation (NASDAQ:SBUX ) Q3 2025 Earnings Conference Call July 29, 2025 4:15 PM ET Company Participants Brian R. Niccol - Chairman & CEO Catherine Park - Corporate Participant Catherine R.
Starbucks plans to enhance its mobile app, its mobile order-and-pay offering, and its rewards program in 2026 as it continues its “Back to Starbucks” plan for revitalizing the coffeehouse brand.
While the top- and bottom-line numbers for Starbucks (SBUX) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Starbucks on Tuesday released its Q3 earnings, reporting its sixth straight quarter of slipping sales. CEO Brian Niccol's "Back to Starbucks" revitalization campaign aims to fix slumping sales.
Starbucks (SBUX) came out with quarterly earnings of $0.5 per share, missing the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.93 per share a year ago.
Starbucks (SBUX) shares climbed in extended trading Tuesday, as CEO Brian Niccol said the company is "ahead of schedule" on its turnaround effort.
CNBC's Kate Rogers reports on Starbucks' quarterly earnings results.