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Starbucks forecasts profit above expectations, driven by cost cuts and tech upgrades under CEO Niccol.

Company Fundamentals
30 Oct 2026, 01:20 WIB
New York Post
View Source
Bullish
Starbucks forecasts profit above expectations, driven by cost cuts and tech upgrades under CEO Niccol.

Starbucks projects annual adjusted earnings per share of $3.15 to $3.25, beating analyst expectations of $3.14, signaling success in CEO Brian Niccol's turnaround strategy. The company reported a 7.2% global same-store sales growth in Q4, surpassing the 5.4% forecast, helped by menu simplification, staffing improvements, and cost restructuring including layoffs and store closures. Starbucks plans to invest in technology such as AI for drive-through orders and personalized customer experiences to drive future growth. Despite a slight revenue forecast decline due to selling control of its Chinese operations, the company aims to deploy $1 billion for share repurchases, focusing on modernization and supply chain improvements.

Starbucks shares trade at USD 103.45 on Pluang as of Oct 30, 2026 05:41 WIB, up 0.24% for the day. The stock's market cap stands at $117.65 billion with a dividend yield of 2.44%. Pluang investors show a buying interest with 64% of order activity favoring buys, reflecting confidence in the company's ongoing strategic efforts.

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