Starbucks CEO Brian Niccol: 'The turn has occurred' now it's in growth mode

Starbucks beat on adjusted EPS ($0.80 vs $0.71), with global comparable sales up 7.2% and US same-store sales accelerating to 7.7% on both ticket and transaction growth. Operating margin expanded 460bp to 14%, and initial FY2027 guidance of $3.15-$3.25 topped consensus. The results support the turnaround narrative and should lift sentiment on the single name, though index-level spillover is limited.