Guggenheim Maintains Neutral Rating on Starbucks Corporation (SBUX) Despite Updated Projections

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TheFly reported on March 5 that Guggenheim adjusted its outlook for SBUX and kept a Neutral rating while increasing the price target from $90 to $95. The firm lowered its FY26, FY27, and FY28 EPS projections by $0.05 apiece, but increased its fiscal Q2 U.S. same-store sales growth outlook to 4.8%.

Earlier on January 28, Starbucks Corporation (NASDAQ:SBUX) announced its first-quarter fiscal 2026 results for the 13 weeks ended December 28, 2025. The report shows that the company’s global comparable store sales increased by 4% due to a 3% increase in transactions and a 1% increase in the average ticket. Sales overseas grew by 5%, with China seeing a 7% gain. The organization added 128 net new stores, bringing the total to 41,118, of which 48% were licensed and 52% were company-operated.

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According to the reports, the business’s consolidated net revenue increased by 6% from the previous year to $9.9 billion. The GAAP operating margin fell to 9.0% due to labor costs and inflation, while the non-GAAP margin fell to 10.1%. GAAP EPS dropped to $0.26, while non-GAAP EPS was $0.56. SBUX anticipates 600–650 additional sites globally, a 3%+ rise in comparable store sales globally, a comparable increase in net revenues, a little improvement in non-GAAP operating margin, and non-GAAP EPS of $2.15–$2.40 in fiscal 2026.

Starbucks Corporation (NASDAQ:SBUX) is a global coffeehouse chain serving handcrafted beverages, food, and retail products through company‑operated and licensed stores worldwide.

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