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Starbucks shares up 24% in 2026, nearing the top of a multiyear range and set to beat the Nasdaq‑100 for the first time since 2022.
Starbucks (SBUX) shares have risen 24% so far in 2026, putting the stock within striking distance of the upper edge of its multiyear trading range and on pace to out‑perform the Nasdaq‑100 for the first time since 2022 [1][2].
| At a glance | |
|---|---|
| YTD price gain | +24% (as of July 21 2026) |
| Nasdaq‑100 out‑performance | First time since 2022 |
| Q3 2026 EPS | $0.91, up 86% YoY |
| Full‑year EPS guidance | $2.25‑$2.45 (≈10% YoY rise) |
Starbucks reported fiscal 2026 third‑quarter results on July 29, showing net revenue of $9.3 billion (down 1% YoY) but an EPS of $0.91, an 86% jump from the prior year [3]. Adjusted EPS rose 70% to $0.85, comfortably beating consensus estimates of $0.65 [3]. The earnings beat was driven by a 7.9% rise in comparable‑store sales, with North America comps up 8.1% and international comps up 5.7% [3]. Management also opened 175 net new stores, taking the global footprint to 41,304 locations [3].
On the technical side, the stock has been trading inside a multiyear range and, as of August 12, is edging toward the upper boundary of that range [2]. Analysts note that a decisive break above the prior multiyear high could trigger a fresh upward cycle, attracting additional buying interest [2][4].
Following the earnings beat, Starbucks lifted its full‑year 2026 earnings outlook to $2.25‑$2.45 per share, implying roughly a 10% YoY increase at the midpoint [1]. The company also raised its revenue‑growth target to 5% YoY by fiscal 2028, although fiscal 2026 revenue is expected to be flat [1]. The stock now trades at about 35 times next‑year earnings, a premium that reflects both the turnaround momentum and the higher valuation risk [3].
Starbucks’ blend of improving same‑store sales, a robust earnings beat, and a technical setup near the top of a multiyear range positions the stock for a potential breakout, but the high valuation and reliance on continued comp growth leave the upside contingent on sustained operational execution.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 4 outlets · Aug 16, 2026 · How we report
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