Starbucks shows strong turnaround signs with expected Q2 FY26 sales growth and margin improvement.

Starbucks has outperformed year-to-date, driven by optimism around CEO Brian Niccol's turnaround strategy and operational improvements. Analysts estimate Q2 FY26 earnings per share between $0.39 and $0.54, reflecting varied views on margin recovery speed. The quarter is expected to be a turning point with 3-4% comparable sales growth and the first year-over-year operating margin improvement after eight quarters of decline, signaling potential sustained recovery.