Starbucks is trading 10.7% up at $115.25 after reporting Q3 2026 results that exceeded analyst expectations and raising its full-year outlook.
- Revenue and EPS came in ahead of estimates, with management highlighting significant progress on the Back to Starbucks turnaround plan and improved international same-store sales.
- Upbeat guidance and better-than-feared trends in China triggered heavy buying activity despite a weak broader market backdrop.