Starbucks stock holds close to 52-week high as Q3 earnings beat supports guidance
Published on 08/29/2026 at 12:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Starbucks Corp. (ISIN US8552441094) stock has been trading close to its 52-week high in late August 2026, with shares changing hands at $107.85 on August 28, 2026 and the company valued at $122.25 billion as investors digest the latest fiscal third quarter results and updated earnings guidance. Per a late August 2026 market-data overview, the stock moved in a daily range between $107.37 and $107.85 in the most recent completed trading session, leaving it just under the recent 52-week peak of $110.51 and framing the current valuation debate around execution rather than dramatic multiple expansion.
Earnings beat and revenue dip in fiscal Q3 2026
In its fiscal third quarter ended July 29, 2026, Starbucks reported adjusted earnings of $0.85 per share, topping a consensus estimate of $0.66 and marking a year-over-year increase of 70 percent in per share profit, according to a late August 2026 earnings recap on a financial news platform. The same report noted that net revenue for the quarter came in at $9.32 billion, which was 1.4 percent lower than the prior-year period and modestly below consensus expectations, highlighting a divergence between the companys profit performance and top-line trajectory.
The July 29, 2026 quarter also showed global comparable store sales growth of 7.9 percent, driven by higher transaction counts and increased average ticket, per the late August 2026 coverage of the results that detailed comp trends and segment performance. At the same time, the international segment recorded net revenue of $1.32 billion, down 34.2 percent year over year, underscoring the pressure that certain overseas markets placed on consolidated growth even as global comparable sales advanced.
Guidance points to higher fiscal 2026 earnings
Following the fiscal third quarter report, Starbucks raised its adjusted earnings guidance for fiscal 2026 to a range of $2.55 to $2.65 per share from a prior range of $2.25 to $2.45, according to the same late August 2026 analysis that summarized the guidance change. The new midpoint of $2.60 per share sits $0.20 above the prior midpoint of $2.40, signaling managements confidence that cost savings and margin initiatives can offset softer revenue trends and support stronger profitability over the balance of the year.
For investors, the key numerical contrast from the July 29, 2026 quarter is that revenue declined 1.4 percent year over year to $9.32 billion, while adjusted earnings per share rose 70 percent and exceeded the consensus by $0.19 per share, as highlighted in an August 28, 2026 corporate-news summary examining the companys quarter and cost program. That same overview emphasized that Starbucks is pursuing a $2 billion savings effort and has implemented 224 job cuts as reported on August 20, 2026, positioning cost discipline as a central lever in the improved earnings outlook.
Cost savings, store growth and demand trends
The coverage of Starbuckss recent performance noted that management is targeting $2 billion in savings, with workforce actions including 224 job reductions reported on August 20, 2026 helping to reshape the cost base as part of a broader efficiency drive. The intent is to maintain or expand margins even if revenue growth remains modest, a strategy that aligns with the strong year-over-year EPS gain in the July 29, 2026 quarter despite the revenue decline.
Alongside the cost measures, Starbucks continues to expand its global footprint. A late August 2026 article reviewing the companys fiscal third quarter performance highlighted that Starbucks opened 175 net new stores during the quarter, contributing to overall system growth in the context of a broader discussion of the brands fall menu. With global comparable store sales up 7.9 percent and net new store openings providing additional volume, demand for the brands beverages and food remains solid even as certain international markets weigh on reported revenue.
Stock trades close to 52-week high
From a market perspective, Starbucks stock has hovered close to the upper end of its recent trading band. An August 28, 2026 update on the shares noted that Starbucks traded at $107.85 during the latest session, with a 52-week range stretching from a low of $77.99 to a high of $110.51 and a market capitalization of $122.25 billion at that time summarizing the late August 2026 quote snapshot. That level places the stock less than $3 below its 52-week high, suggesting that investors have already priced in a meaningful portion of the earnings recovery narrative.
Further reinforcing this picture, a separate late August 2026 market quote overview showed Starbucks stock at $107.85, with the shares trading between $107.37 and $107.85 on August 28, 2026 and described as being a fraction above the intraday low and at the session high in that range based on a real-time brokerage quote page. That same data source cited a price-to-earnings multiple of 62.56 and a dividend yield of 2.28 percent, providing a valuation and income context for investors evaluating whether the post-earnings move leaves room for further upside if the guidance is met.
Fall beverages and brand engagement
On the product side, Starbucks continues to leverage seasonal beverages to drive traffic and maintain brand engagement. A late August 2026 feature reviewing the companys fall drink lineup noted that Starbucks offered 14 fall beverages, including a new Chaider drink, and referenced that same-store sales were up 7.9 percent globally in the fiscal third quarter along with the opening of 175 net new stores in the context of consumer reactions to the seasonal menu. For long-term investors, such seasonal offerings exemplify how Starbucks uses limited-time products to reinforce customer loyalty and support comparable sales growth.
Starbucks stock price context
As of the close on August 28, 2026, Starbucks stock price of $107.85 on its primary Nasdaq listing placed it very close to its 52-week high of $110.51 and well above the 52-week low of $77.99, with a reported market cap of $122.25 billion and a trading range of $107.37 to $107.85 that day according to a detailed late August 2026 stock performance summary. For investors looking at the balance of 2026, the combination of a strong recent EPS beat, a raised full-year profit outlook and continued cost savings efforts provides a numerical framework for assessing whether the current valuation at the upper end of the 52-week range is justified.
Go deeper
Investors interested in more detailed coverage of Starbucks stock and its latest quarterly performance can consult recent earnings recaps and market analyses which provide granular breakdowns of segment results, guidance assumptions and valuation metrics.
Investor Relations
Further information on Starbuckss business development, strategy and governance is available through the companys investor relations presence.
Fact box
Company: Starbucks Corp.
ISIN: US8552441094
Ticker: SBUX
Exchange: Nasdaq
Price (as of August 28, 2026, 5:48 a.m. ET): $107.85 USD
Market cap: $122.25 billion (as of August 28, 2026)
Sector / Industry: Consumer discretionary / Restaurants
Index membership: S&P 500
