Starbucks Forecasts Strong Profit
Starbucks projected annual profit above Wall Street estimates and announced a one billion dollar share repurchase plan. The coffee chain reported strong fourth-quarter sales growth as its turnaround plan gains traction.
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STARBUCKS CORP forecast fiscal 2027 adjusted earnings above Wall Street estimates on Thursday, unveiling a $1 billion share repurchase plan. The coffee chain reported fourth-quarter global same-store sales growth of 7.2%, beating analyst expectations of 5.4%. The upbeat guidance signals that Chief Executive Brian Niccol's operational overhaul is gaining momentum across North American operations.
