Starbucks beat analyst projections in its latest quarterly earnings announced Wednesday.

The coffee giant's third quarter, which ended June 28, recorded $9.3 billion in revenue. Analysts had predicted $9.1 billion.

The quarterly revenue is a 1% drop from the same period a year ago.

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," said Brian Niccol, Starbucks chairman and CEO, in a statement Wednesday.

Net earnings per share jumped to 91 cents, compared with 49 cents in the same quarter a year ago.

Net earnings amounted to $1.05 billion — an 87% upsurge from the same period a year ago.

The Seattle-based company opened 175 net new stores, bringing the total global number to more than 41,000 stores. Close to 17,000 stores are located in the U.S.

Global comparable store sales jumped almost 8%.

“We are focused on what we can control amid a dynamic operating environment," said chief financial officer Cathy Smith in a statement Wednesday, "executing our Back to Starbucks plan with discipline to drive connection, community and long-term value for our customers, partners, and shareholders.

With Niccol at the helm of the company since September 2024, the coffee giant has pivoted in surprising ways.

Much of it centers on his “Back to Starbucks” plan, which focuses on reviving the company’s traditional coffeehouse experience with upgraded stores, more staffing, smoother operations and reduced consumer wait times.

It's accompanied a slew of layoffs and store closures, including in Seattle.

The company also announced a new Nashville office in March. By April, Starbucks had outlined that those digs will host up to 2,000 employees over the next five years.

Many locals are worried about whether the brand's commitment to its hometown is wavering, though the company has asserted that it’s not leaving Seattle.

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