Starbucks (NASDAQ:SBUX) CEO Brian Niccol stated that the company's "shine is back," a claim supported by its operating data. In the third quarter of fiscal year 2026, Starbucks' global comparable sales grew by 7.9%, and non-GAAP earnings per share (EPS) reached $0.85, exceeding expectations by 30.79%. Management has raised its full-year EPS guidance to between $2.55 and $2.65. Since Niccol took office, Starbucks' stock price has risen by approximately 9%, and nearly 30% since the announcement of his hiring. However, analysis suggests that the current stock price has already priced in most of the anticipated improvements, and with a forward price-to-earnings ratio of 34x, there is little room for a slowdown in same-store sales.