On April 26, 2024, I saw the Starbucks logo on the cup of one of the cafes.
Jakub Porzycki/ | Radio | Getty Image
Starbucks It is expected to report its quarterly revenue after the bells of Tuesday.
LSEG survey Wall Street analysts expect the company to report:
- Earns per share: expected 67 cents
- Income: It is expected to be $ 9.31 billion
Wall Street expects this coffee giant report The fourth consecutive quarter of the same store sales decreased in the fourth consecutive quarterEssence American consumers ChinaIts two largest market visits are low and often choose to fix its caffeine elsewhere.
In September, Brian Niccol, the former Chipotle CEO, joined the company as the latest CEO. In the company’s last profit phone call Share some early steps He was reversing the business and “back to Starbucks”. The range of changes is adjusted from cosmetics (for example, restoring the condiment bar to a more intense revision), such as overhanding the menu and increasing the service speed of each order to less than four minutes.
Analysts do not expect Niccol to change the coffee chain overnight, but they predict that sales are slightly improved compared with the previous quarter. According to the estimation of Streetaccount, Wall Street expects the company to report to the same store sales by 5.5 %, while the sales in the previous quarter were 7 %.
In October, Starbucks suspended its prediction of fiscal 2025 on the grounds of turning in turnover.
In the past year, Starbucks’ stock price has risen 7 %, with a market value of $ 113.5 billion.
