Starbucks (NASDAQ:SBUX)
Tuesday evening, after the closing bell, Starbucks (NASDAQ:SBUX) will publicly make its earnings report for the FQ2 reporting period.
It is anticipated that the operator of the coffee chain will report sales of $8.42 billion and earnings per share of $0.65. As usual, the comparable sales data from the Seattle business will be keenly monitored. Starbucks is anticipated to announce an overall comparable sales increase of 7.3%, driven by a significant rise of 9.0% in the United States. It is anticipated that higher pricing will contribute to an increase in Starbucks stock average tickets during the quarter; nevertheless, it is also anticipated that transaction growth will be favorable. Starbucks is projected to announce operating income for the quarter in the amount of $1.1 billion.
In the near future, it is anticipated that Starbucks will provide guidance for earnings per share of $1.00 for the FQ3 period, with certain margin improvements beginning to play a role.
During the earnings conference, some of the most important things to watch are updates on new beverage or Rewards membership initiatives, comments on labor stability, and status reports on China’s progress in maintaining its momentum.
Options trading on Starbucks stock suggests that the stock will move by 5% in either direction when the news is published. Following the release of SBUX’s most recent earnings report, the company’s share price dropped by 4.4%. This report included misses on both the top and bottom lines.
In trading in the early afternoon on Monday, Starbucks stock increased by 0.65%. On a year-to-date basis, the company’s stock has increased by 14.20%, a better performance than the average for the whole market.
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