Several major U.S. companies reported strong first-quarter financial results, indicating continued resilience in consumer spending and business performance.

Starbucks led the positive earnings reports with a 6.2% increase in same-store sales, exceeding analyst expectations. The coffee chain raised its full-year outlook following revenue and earnings that topped estimates, signaling recovery momentum in its business operations.

Visa posted its biggest revenue increase since 2022, with profit beating analyst forecasts. The payments company raised its revenue and profit outlook for the full year and authorized a new $20 billion share buyback program, reflecting confidence in continued consumer spending on its payment network.

T-Mobile reported first-quarter revenue of $23.11 billion, driven by postpaid account growth. The wireless carrier increased its postpaid net account additions by 6% compared to the same period last year, demonstrating continued expansion in its subscriber base.

The strong corporate earnings coincided with an unexpected rise in U.S. consumer confidence, driven by an improved outlook on employment prospects. The positive sentiment suggests consumers remain willing to spend despite ongoing economic uncertainties.