Starbucks Corp (Starbucks (SBUX)) reported fiscal third-quarter results after Wednesday's closing bell, and investors clearly liked what they saw. The stock jumped nearly 8% in after-hours trading, hitting a fresh 52-week high.

Starbucks Q3 Key Metrics

Starbucks posted revenue of $9.32 billion for the quarter, beating the $9.16 billion analysts were expecting. Adjusted earnings came in at $0.85 per share, well above the consensus estimate of $0.66 per share, according to market data.

Consolidated net revenue was down 1% year-over-year, but global comparable store sales climbed 7.9%. That growth came from a 4.2% increase in transactions and a 3.5% increase in average ticket. In North America, comparable sales rose 8.1%, while internationally they increased 5.7%.

“Our Back to Starbucks plan was built on the belief that an extraordinary cup of coffee, human connection and customer experience win the day, every day. Our third quarter results are proof they do,” said Brian Niccol, chairman and CEO of Starbucks. “We have more work to do, but we’re relentlessly focused on reclaiming the third place and becoming the world’s greatest customer service company.”

The company opened 175 net new stores during the quarter, ending with 41,304 locations worldwide. It also reported $3.45 billion in cash and cash equivalents.

Guidance and Dividend

Looking ahead, Starbucks raised its full-year outlook. The company now expects global and U.S. comparable sales growth to be “slightly greater” than 6% in fiscal 2026, up from a previous forecast of 5% or more. Consolidated net revenues are expected to show “flat to slight growth” year-over-year. Adjusted earnings are now forecast between $2.55 and $2.65 per share, up from the prior range of $2.25 to $2.45.

The board also declared a cash dividend of $0.62 per share, payable on Aug. 28 to shareholders of record as of Aug. 14.

SBUX Shares Heat Up After the Close

Starbucks shares were up 7.88% in after-hours trading Wednesday, changing hands at $112.35 at the time of publication. The stock is trading at new 52-week highs.