# Major retailers raise outlooks for next quarter amid mixed market

**Published:** 2026-06-12T20:05:19.693Z  
**Topic:** Tesla Stock Outlook  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/556d8276-c5d6-4d2e-b4a3-df716eaa7735

Starbucks, Target and Apple each lifted their upcoming quarter guidance, citing traffic gains and strategic investments despite macro‑economic headwinds.

Starbucks, Target and Apple all reported stronger‑than‑expected results and subsequently raised their outlooks for the next reporting period, signaling confidence in their recovery plans despite ongoing economic uncertainty [1][2][3].

**Key takeaways**  
- Starbucks lifted its full‑year same‑store sales forecast to at least 5% growth and adjusted EPS guidance to $2.25‑$2.45 after a 9% revenue beat [1]  
- Target raised its full‑year net‑sales growth target to 4% and expects EPS near the top of its $7.50‑$8.50 range following a 5.6% same‑store sales increase [2]  
- Apple projected June‑quarter revenue growth of 14%‑17% year over year, citing “constrained supply” but stable macro conditions [3]  

## Starbucks’ turnaround fuels higher full‑year guidance  

In its fiscal second‑quarter earnings release, Starbucks reported net sales of $9.53 billion, up roughly 9% from a year earlier, and adjusted earnings of 50 cents per share, beating analyst expectations of 43 cents [1]. The company attributed the growth to a 6.2% rise in global same‑store sales, driven largely by a 7.1% jump in U.S. comparable sales and a 4.3% increase in transaction volume. CEO Brian Niccol highlighted the “milestone” of two consecutive quarters of traffic growth, noting that higher gasoline prices have not yet dampened customer behavior. On that basis, Starbucks raised its full‑year same‑store sales outlook from a 3% to at least a 5% increase and lifted its adjusted EPS range to $2.25‑$2.45, up from $2.15‑$2.40 [1]. International growth was more modest, with China’s same‑store sales barely up 0.5% and overall international sales climbing 2.6% [1].

## Target’s first positive same‑store sales and upgraded full‑year outlook  

Target’s fiscal first‑quarter results showed a 5.6% same‑store sales gain—the first positive figure in five quarters—and a 6% year‑over‑year rise in net sales to $25.44 billion, surpassing expectations of $24.64 billion [2]. Digital comparable sales grew 8.9%, helped by same‑day delivery through the Target Circle 360 membership. The retailer also saw a nearly 25% surge in non‑merchandise revenue, driven by membership fees and the Target+ marketplace. After the beat, Target lifted its full‑year net‑sales growth outlook to 4%, two points higher than its prior forecast, and indicated EPS would likely land near the top of its $7.50‑$8.50 guidance range, above the consensus estimate of $8.14 per share [2]. CEO Michael Fiddelke stressed that while progress is evident, the company remains cautious amid macro‑economic uncertainty.

## Apple’s cautious optimism amid component shortages  

Apple’s June‑quarter guidance, released after its Q2 earnings call, projects total revenue growth of 14%‑17% year over year, describing this as its “best view of constrained supply” amid a global memory shortage affecting DRAM and NAND availability [3]. The company assumes that current tariff regimes and macro‑economic conditions will remain stable. Apple also expects gross margins of 47.5%‑48.5% and operating expenses between $18.8 billion and $19.1 billion, with other income and expense around $250 million [3]. While the iPad segment faces a “difficult compare” due to the prior year’s launch of an A16‑powered model, Services revenue is expected to grow at a rate similar to the 16% year‑over‑year increase reported in the March quarter [3].

## Why it matters  

The upward revisions from three of the world’s largest consumer‑facing companies suggest that strategic initiatives—such as Starbucks’ focus on menu innovation and operational improvements, Target’s investment in digital and store remodels, and Apple’s navigation of supply‑chain constraints—are beginning to offset broader economic headwinds. Investors will watch the upcoming quarters closely to see whether these companies can sustain the momentum, especially as gasoline prices, inflation and geopolitical tensions continue to influence discretionary spending. Continued performance will hinge on each firm’s ability to translate traffic gains into profitable growth while managing cost pressures and supply‑chain disruptions.

## Sources
1. CNBC — [Starbucks raises full-year outlook as turnaround takes hold — despite higher gas prices](https://www.cnbc.com/2026/04/28/starbucks-sbux-q2-2026-earnings.html)
2. CNBC — [Target beats Wall Street estimates, hikes sales outlook as shoppers start to return](https://www.cnbc.com/2026/05/20/target-tgt-q1-2026-earnings.html)
3. 9to5Mac — [Apple shares June quarter guidance with 14% to 17% revenue growth outlook](https://9to5mac.com/2026/04/30/apple-shares-june-quarter-guidance-with-14-to-17-revenue-growth-outlook/)

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Cite as: TrendWatcher, "Major retailers raise outlooks for next quarter amid mixed market", https://www.trendwatcher.in/article/556d8276-c5d6-4d2e-b4a3-df716eaa7735