Starbucks earnings due as same-store sales growth extends U.S. turnaround
Starbucks is due to release its quarterly results after the bell on Thursday as investors watch for further momentum in its U.S. recovery. Analysts expect the coffee chain to post revenue of $9.23 billion and earnings per share of 72 cents, with another quarter of same-store sales growth.
Highlights
- Analysts expect Starbucks to report earnings per share of 72 cents and revenue of $9.23 billion, with same-store sales rising 6% driven by North American cafes.
- Starbucks will close about 1% of its North American footprint, or roughly 250 cafes, resulting in approximately $300 million in restructuring charges.
- Starbucks shares have climbed 24% year-to-date, bringing its market capitalization to about $119 billion ahead of the earnings report.
Quarterly expectations and turnaround progress
As reported by CNBC, Wall Street expects Starbucks to deliver its fifth straight quarter of same-store sales growth as improvements in its U.S. business continue to take hold.Based on an LSEG survey of analysts, the company is expected to report earnings per share of 72 cents and revenue of $9.23 billion. StreetAccount estimates point to a 6% increase in same-store sales, driven by North American cafes.
Investors are also watching whether operational changes in the U.S. are lifting performance. Starbucks is closing underperforming locations, a move that could support same-store sales figures as the company reshapes its store base.
Store closures, costs and investor focus
In September, Starbucks said it would close about 1% of its North American footprint, or roughly 250 cafes. The company expects to record about $300 million in restructuring charges tied to those closures.The earnings release also arrives weeks after Starbucks dismissed speculation that it would acquire Chipotle Mexican Grill, the former employer of Chief Executive Brian Niccol. Industry analysts said such a deal would divert attention from Starbucks' turnaround efforts, even as some Chipotle investors welcomed the rumor.
Starbucks shares have risen about 24% this year, lifting the company's market capitalization to roughly $119 billion. That share gain raises the stakes for the quarterly report as investors assess whether stronger U.S. operations can support the stock's advance.
In our earlier coverage of the S&P 500’s push toward 8,000, we noted that investors were treating the coming earnings season as a crucial test after a rally led by AI-linked megacaps. The piece highlighted how higher oil prices, elevated Treasury yields, and political uncertainty were raising the bar for results, while weak market breadth and concentration risk made the index more vulnerable to disappointment.
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