02:57 PM EDT, 10/30/2025 (MT Newswires) -- Starbucks ( SBUX ) implementing extended operating hours in US-operated stores could drive additional growth as the company delivered sequential same-store sales improvement in both North America and international markets in fiscal Q4, while limited commentary on cost savings could lead to a wider range of investor expectations around margins, RBC Capital Markets said in a note emailed Thursday.

The same-store sales improvement was attributed to early benefits from US labor investment, which drives continued transaction acceleration, RBC said. In the US, transactions accelerated in September and October despite concerns over worsening macro, it added.

RBC said investors are now focused on Starbucks' ( SBUX ) January investor day, where management is expected to provide details on cost savings, fiscal 2026 guidance and long-term targets.

RBC kept an outperform rating on Starbucks ( SBUX ) and lowered its price target to $100 from $110.

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