Starbucks Set to Report Quarterly Earnings Amid U.S. Turnaround Expectations
Starbucks (SBUX) is scheduled to release its quarterly earnings report this Thursday, with Wall Street analysts projecting earnings per share of $0.72 on revenue of $9.23 billion. Investors are closely watching for signs of a successful U.S. turnaround, as estimates suggest the company could achieve its fifth consecutive quarter of same-store sales growth, potentially led by a 6% increase in North American cafes. The company is currently undergoing strategic restructuring, which includes closing approximately 250 underperforming North American locations—about 1% of its footprint. While these closures are expected to incur $300 million in restructuring charges, they are intended to bolster same-store sales metrics. Additionally, the report follows recent rumors regarding a potential acquisition of Chipotle Mexican Grill (CMG), which management has since dismissed.
Topics: earnings expectation market performance restructuring same-store sales