NewsStocksStarbucks Announces Pumpkin Spice Latte Return Date and Expanded Fall Menu

Starbucks Announces Pumpkin Spice Latte Return Date and Expanded Fall Menu

Author: Fox Business Markets·

Key Takeaways

  • Starbucks will bring back its Pumpkin Spice Latte on August 25, accompanied by new pumpkin spice drinks, fall food items, and limited-time merchandise.
  • The company raised its global same-store sales growth forecast to approximately 6% and lifted its adjusted earnings per share guidance to a range of $2.55 to $2.65.
  • CEO Brian Niccol's turnaround strategy has driven four straight quarters of comparable sales growth through menu simplification and shorter customer wait times.
  • Starbucks recently eliminated about 300 U.S. positions and closed some regional support offices to offset margin pressure from its 'Back to Starbucks' operational investments.
  • A Consumer Edge analyst observed that Starbucks is seeing market share stabilization, especially among younger customers who continue spending on daily beverages despite shifting toward in-home dining.
Starbucks Announces Pumpkin Spice Latte Return Date and Expanded Fall Menu

Starbucks announced on Monday that its classic Pumpkin Spice Latte will return to store menus on Aug. 25, marking the latest launch of the seasonal beverage that has become a fixture of the company's fall lineup since its debut in 2003. The PSL has grown into one of the most recognizable limited-time offerings in the quick-service restaurant industry, helping drive seasonal traffic and social media engagement each fall.

The returning PSL will be accompanied by several new pumpkin spice-flavored drinks, including the Iced Pumpkin Cream Shaken Espresso, Pumpkin Spice Chai, and Iced Pumpkin Cream Matcha. Fan favorites set to return include the Pumpkin Cream Cold Brew, Iced Pumpkin Cream Chai, and Pumpkin Spice Frappuccino blended beverage.

Beyond the pumpkin lineup, Starbucks is introducing an iced banana bread-flavored latte and chai drink to its fall menu, along with the Chaider — a beverage combining chai and cider-inspired flavors. On the food side, a new Chicken Bacon Protein Pocket and a Hedgehog Cake Pop will join store offerings. The protein pocket represents the latest step in Starbucks' broader effort to expand its protein-focused options.

The company is also releasing new drinkware and a hat as part of its PSL Society merchandise collection, available for a limited time.

The fall menu rollout follows Starbucks' third-quarter earnings report released last week, in which the company raised its annual sales and profit forecasts for the second time. The upward revision reflects what the company described as renewed demand at the world's largest coffee chain, driven by CEO Brian Niccol's ongoing turnaround strategy. The August launch also comes as several major coffee and quick-service chains have increasingly pushed seasonal menus earlier in the calendar to extend the fall selling window and capture consumer attention ahead of competitors.

Under Niccol's leadership, Starbucks has focused on simplifying the menu and reducing customer wait times, contributing to four consecutive quarters of comparable sales growth.

"We have more work to do," Niccol said in a statement last Wednesday. Chief Financial Officer Cathy Smith said the company remains focused on factors within its control amid what she described as a "dynamic operating environment."

The Seattle-based chain now forecasts global same-store sales growth of approximately 6%, up from its prior outlook of about 5% or above. Starbucks also raised its adjusted earnings per share guidance to a range of $2.55 to $2.65, compared with its previous forecast of $2.25 to $2.45.

Consumer Edge analyst Michael Gunther noted that Starbucks has begun to see market share stabilization in recent months, particularly among younger customers. "Consumers may be shifting dining dollars toward in-home eating but are leaving room in the budget for daily drink habits," Gunther said.

The company's "Back to Starbucks" strategy had pressured margins due to significant investments in staffing and store operations. Starbucks has sought to offset those costs through layoffs, regional office consolidation, and broader operational streamlining, including a recent decision to cut approximately 300 U.S. jobs and close some regional support offices.

Reuters contributed to this report.