Starbucks Q3 misses; retail doubts CEO’s 2026 innovation plan
Starbucks missed Q3 earnings estimates, with same-store sales down 2% and EPS at $0.50 vs. $0.65 expected. China rebounded, but US weakness persisted. CEO Brian Niccol pitched a 2026 "innovation wave," but retail sentiment on Stocktwits turned bearish. Starbucks shares rose 4% after-hours but remain up just 1.2% YTD.