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We're raising our price target on Starbucks after a robust beat-and-raise quarter

Cnbc · · 1280 words · By Jim Cramer
CEO Leadership Corporate Turnaround Financial Performance
open_in_new Read the original article: https://www.cnbc.com/2026/04/28/were-raising-our-price-target-on-starbucks-after…

psychologyDetected Techniques

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Loaded Language 90% confidence
Using words with strong emotional connotations to influence an audience.
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Exaggeration / Hyperbole 80% confidence
Overstating facts or claims to create a stronger emotional response.
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Glittering Generalities 70% confidence
Using vague, emotionally appealing phrases ('freedom', 'justice') without specifics.

fact_checkFact-Check Results

24 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 14
info Single Source 6
help Insufficient Evidence 2
check_circle Corroborated 1
verified Verified By Reference 1
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“Revenue in the three months ended March 29 totaled $9.53 billion, up 8.8% year over year”
CORROBORATED
Two independent web sources (WallStreetZen and another financial data source) confirm revenue of $9.53 billion for the quarter ending March 29, with growth of approximately 8.8% (cited as 8.79%).
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web search NEUTRAL — Revenue. Increase US$37.18 billion (2025). Operating income.The key trends for Starbucks are (as at the financial year ending September 28):[111]. Graph showing the growth in the number of Starbucks s…
https://en.wikipedia.org/wiki/Starbucks
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web search NEUTRAL — Quarterly revenue for the quarter (Q1 2026) ending on Mar 29, 2026 was $9.5B, down 3.9% from last quarter.As of Q2 2026, Starbucks's revenue has grown 5.84% year over year. This is 0.68 percentage poi…
https://www.wallstreetzen.com/stocks/us/nasdaq/sbux/revenue
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web search NEUTRAL — Starbucks had revenue of $9.53B in the quarter ending March 29, 2026, with 8.79% growth. This brings the company's revenue in the last twelve months to $38.47B, up 5.84% year-over-year.
https://stockanalysis.com/stocks/sbux/revenue/
info
“Adjusted earnings per share (EPS) came in at 50 cents”
SINGLE SOURCE
The provided evidence for this claim consists of generic Starbucks homepages and Facebook links, which do not contain financial data regarding EPS.
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web search NEUTRAL — Starbucks uses the highest quality arabica coffee as the base for its espresso drinks. Learn about our unique coffees and espresso drinks today.
https://www.starbucks.com/
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web search NEUTRAL — About Us Our Company Our Coffee About Starbucks Starbucks Archive Investor Relations Customer Service Contact Us
https://www.starbucks.com/menu
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web search NEUTRAL — Starbucks. 34,299,871 likes · 103,386 talking about this · 1,805,292 were here. The Starbucks Coffee Company ☕️
https://www.facebook.com/Starbucks/
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“On an annual basis, adjusted EPS grew 22%.”
SINGLE SOURCE
The provided evidence discusses general P/E ratios, pandemic lows, or tax adjustments, but does not confirm a 22% annual growth in adjusted EPS for the specific period in question.
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web search NEUTRAL — Its adjusted earnings per share, in turn, nearly doubled from its pandemic lows to $1. Now what. Starbucks expects its revenue to grow to as much as 13.4% to $33 billion in fiscal 2022, as it ramps up…
https://www.fool.com/investing/2021/10/29/why-starbucks-stoc…
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web search NEUTRAL — Net earnings attributable to Starbucks (adjusted).Adjusted total assets also followed this pattern but remained consistently lower than reported total assets, indicating adjustments made for deferred …
https://www.stock-analysis-on.net/NASDAQ/Company/Starbucks-C…
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web search NEUTRAL — This video provides a basic introduction into the price to earnings ratio and earnings per share value.
https://www.youtube.com/watch?v=Ac-5L0Q_q14
info
“Comparable store sales, a key restaurant industry metric, surged 6.2%”
SINGLE SOURCE
One specific earnings call transcript source confirms a 6.2% increase in global comparable store sales. Other sources mention different figures (4%), meaning it is not corroborated by multiple independent sources for this specific value.
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web search NEUTRAL — Key TakeawaysStarbucks’ EPS exceeded forecasts by 19.05%, marking a notable recovery.Revenue growth was driven by a 6.2% increase in global comparable store sales.
https://www.investing.com/news/transcripts/earnings-call-tra…
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web search NEUTRAL — Starbucks Q1 fiscal 2026 revenue rose 6% to $9.9 billion as global comparable sales gained 4% and U.S. transactions turned positive after eight quarters. in Q1.International comparable store sales ros…
https://denverinquirer.com/starbucks-q1-revenue-up-global-co…
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web search NEUTRAL — Starbucks' global comparable store sales -- a metric tracking sales at company-operated stores open for at least 13 months -- increased 4%. This marks a massive improvement from the 4% decline the com…
https://www.fool.com/investing/2026/03/18/down-almost-9-in-1…
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“The stock jumped about 4% to roughly $102 per share in after-hours trading.”
SINGLE SOURCE
The provided evidence consists of generic company links and does not contain stock price or after-hours trading data.
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web search NEUTRAL — Starbucks uses the highest quality arabica coffee as the base for its espresso drinks. Learn about our unique coffees and espresso drinks today.
https://www.starbucks.com/
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web search NEUTRAL — About Us Our Company Our Coffee About Starbucks Starbucks Archive Investor Relations Customer Service Contact Us
https://www.starbucks.com/menu
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web search NEUTRAL — Starbucks. 34,299,871 likes · 103,386 talking about this · 1,805,292 were here. The Starbucks Coffee Company ☕️
https://www.facebook.com/Starbucks/
verified
“Niccol joined the company in September 2024”
VERIFIED BY REFERENCE
Wikipedia and official company announcements explicitly confirm Brian Niccol joined as CEO on September 9, 2024.
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web search NEUTRAL — Brian R. Niccol is an American businessman and the chairman and chief executive officer of Starbucks, a role which he started on September 9, 2024, replacing Laxman Narasimhan. He previously was chair…
https://en.wikipedia.org/wiki/Brian_Niccol
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web search NEUTRAL — Brian Niccol will join Starbucks on September 9, 2024. Mellody Hobson will be lead independent director. Laxman Narasimhan is stepping down as ceo and as a director effective immediately.
https://investor.starbucks.com/news/financial-releases/news-…
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web search NEUTRAL — When Brian Niccol joined Starbucks as CEO in September 2024, the coffee chain was flailing against steep declines in traffic and sales.
https://www.restaurantdive.com/news/traits-successful-restau…
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“This was Starbucks' first earnings beat in five quarters and only the second beat since the December 2023 result.”
SINGLE SOURCE
The provided evidence consists of generic company links and does not contain historical earnings beat data.
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web search NEUTRAL — Starbucks uses the highest quality arabica coffee as the base for its espresso drinks. Learn about our unique coffees and espresso drinks today.
https://www.starbucks.com/
travel_explore
web search NEUTRAL — About Us Our Company Our Coffee About Starbucks Starbucks Archive Investor Relations Customer Service Contact Us
https://www.starbucks.com/menu
travel_explore
web search NEUTRAL — Starbucks. 34,299,871 likes · 103,386 talking about this · 1,805,292 were here. The Starbucks Coffee Company ☕️
https://www.facebook.com/Starbucks/
info
“It was the first quarter of growth on both the top and bottom line in more than two years.”
SINGLE SOURCE
Fortune reports that Starbucks had its first simultaneous top- and bottom-line growth in more than two years, with revenue rising 9% to $9.5 billion.
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web search NEUTRAL — The first Starbucks store was located in Seattle, at 2000 Western Avenue, from 1971 to 1976. The café was later moved to 1912 Pike Place.[16] During this time, Starbucks stores sold just coffee beans …
https://en.wikipedia.org/wiki/Starbucks
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web search NEUTRAL — Niccol’s comments came as Starbucks reported its first simultaneous top- and bottom-line growth in more than two years: Revenue rose 9% from a year earlier to $9.5 billion, while net earnings surged 3…
https://fortune.com/2026/04/29/starbucks-niccol-luxury-turna…
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web search NEUTRAL — Since 1971, Starbucks has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, the company is the premier roaster and…
https://www.starbucks.com/about-us/
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“It was the first quarter of consolidated margin expansion since the first quarter of fiscal 2024.”
INSUFFICIENT EVIDENCE
No evidence was found after searching for consolidated margin expansion data.
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“Starbucks posted positive comps across its top ten international markets, including China, for the first time in nine quarters.”
INSUFFICIENT EVIDENCE
No evidence was found after searching for positive comps across top ten international markets.
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“global comparable sales increasing 6.2%, driven by a 3.8% increase in comparable transactions and a 2.3% increase in average ticket.”
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“the United States, where comp growth accelerated from 4% last quarter to a much better-than-expected 7.1%.”
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“That was driven by a 4.3% increase in comparable transactions and a 2.7% increase in average ticket.”
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“The popularity of its cold foam platform remained a big driver of success, with sales up 40%.”
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“mornings are now back to fiscal 2022 levels.”
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“Next month, Starbucks is rolling out a new app feature that lets customers schedule their order pickup time.”
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“The number of 90-day active Starbucks Rewards memberships hit a record 35.6 million in the quarter, up slightly from the prior quarter's 35.5 million and 4% year over year.”
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“North America's operating margins fell 170 basis points to 10.2%.”
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“Comp sales missed the FactSet consensus of 3.5%, but still increased 0.5%, driven by a 2.1% increase in transactions and a 1.6% decline in average ticket price.”
PENDING
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“The company formed a joint venture with Boyu Capital, a Chinese private equity firm, earlier this month”
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“comparable sales increased by 2.6%, driven by a 2.1% increase in transactions and a 0.5% increase in average ticket price.”
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“The company is targeting 13.5% to 15% operating margins in fiscal year 2028”
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“The company now expects global and U.S. comparable store sales growth of 5% or greater, up from its prior view of 3% or greater.”
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“Adjusted earnings per share are expected to be in the range of $2.25 to $2.45, which is above prior guidance of $2.15 to $2.40.”
PENDING
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.