Starbucks Announces 1,100 Corporate Layoffs

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Starbucks revenue, comparable sales beat estimates

The sales numbers drove up the stock despite Starbucks also reporting profits that missed estimates.

10/29/25 4:25PM

Starbucks rose in after-hours trading after it reported revenue and comparable-store sales numbers that beat Wall Street estimates, an encouraging sign that the coffee chain may be reversing its recent sales decline.

The coffee giant reported sales of $9.6 billion for the third quarter of this year, more than the $9.3 billion analysts polled by FactSet were expecting. It also reported that comparable sales rose 1%, better than the 0.3% decline the Street was penciling in.

“It’s clear that our turnaround is taking hold,” CEO Brian Niccol said in a statement.

This drove up the stock despite Starbucks also reporting profit that missed estimates. It reported adjusted earnings per share of $0.52, less than the $0.56 analysts were penciling in.

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