Published • loading... • Updated
Starbucks international business disappoints but U.S. stores outperform
Comparable U.S. sales rose 7.7% as Starbucks benefited from refreshed stores and strong autumn menu items, beating its own growth forecast.
- Starbucks is set to report quarterly earnings after the bell on Thursday, with Wall Street projecting revenue of $9.23 billion and earnings per share of 72 cents.
- Shares of Starbucks have climbed about 24% this year, raising its market cap to roughly $119 billion following strong sales growth in the previous quarter.
- To improve performance, Starbucks plans to shutter about 250 cafes, representing about 1% of its North American footprint, expecting about $300 million in restructuring charges.
- The upcoming report follows Starbucks' recent move to quash speculation regarding a potential acquisition of Chipotle Mexican Grill, where CEO Brian Niccol previously served.
- Analysts expect Starbucks to post a same-store sales increase of 6%, according to StreetAccount estimates, positioning the company for a fifth straight quarter of growth.
Insights by Ground AI
8 Articles
8 Articles
Starbucks Margins Jump as Store Visits Slow: Rapid Earnings Reaction
Starbucks’ U.S. comparable sales rose 7.7%, but bigger checks did most of the work while visit growth cooled. Here’s why that matters for a 2027 outlook that trades sales growth for wider margins.
·Alexandria, United States
Read Full Article
Coverage Details
Total News Sources8
Leaning Left2Leaning Right0Center6Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
Factuality
To view factuality data please Upgrade to Premium
