Investors are eagerly anticipating a more robust performance from Starbucks (SBUX) as the company is set to release its fiscal second quarter earnings on Tuesday evening. In the previous quarter, Starbucks experienced its first growth in same-store sales in North America in two years, an encouraging sign that analysts hope will continue into Q2 under the leadership of CEO Brian Niccol.
Wall Street analysts are projecting a same-store sales increase of 3.7%, primarily driven by sales in the US and North America, according to data from Bloomberg. This follows a decline of 1% in same-store sales for the same quarter last year.
Revenue for this quarter is anticipated to rise by around 4% year-on-year to approximately $9.14 billion. Analysts are also predicting nearly a 5% increase in adjusted earnings per share, which is expected to hit $0.43, an improvement from $0.41 in the previous year.
Deutsche Bank analyst Lauren Silberman expressed optimism, suggesting that same-store sales growth could reach as high as 6%. She attributed this potential increase to operational enhancements, bolstered by labour investments, a strong cadence of product innovation, and more effective marketing strategies.
In an effort to improve employee satisfaction, Starbucks has announced an expansion of tipping options and will be providing $1,200 annual bonuses to baristas and managers starting in July, with the first payouts expected this autumn.
Increased customer foot traffic is seen as a crucial factor for the company’s recovery. BTIG analyst Peter Saleh noted in a client communication that if traffic growth escalates from 3% in Q1 to close to mid-single digits in Q2, it would indicate significant positive momentum for the brand.
Starbucks shares have gained 16% year-to-date, outperforming the S&P 500, which has risen by 5%.
People queue at the Starbucks Coffee in Tokyo, Japan, on Nov. 5, 2025. (Getty Images) – winhorse via Getty Images
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