Starbucks Q4 Earnings Preview: What Analysts Are Saying, New CEO's Plan And Key China Items To Watch
Portfolio Pulse from Chris Katje
Starbucks Corporation (NASDAQ:SBUX) is set to report its Q4 financial results. Analysts expect a revenue of $9.29 billion and earnings per share of 97 cents. Morgan Stanley analyst Brian Harbour sees a favorable risk/reward for investors, despite concerns about China growth and competition. The company's new CEO, Laxman Narasimhan, is expected to provide updates on the reinvention plan and potential store count in the US. Starbucks shares are currently trading at $91.43, down 10% year-to-date.
November 01, 2023 | 7:21 pm
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Starbucks is expected to report Q4 revenue of $9.29 billion and EPS of 97 cents. The company's new CEO is anticipated to provide updates on the reinvention plan and potential US store count. Starbucks shares are down 10% YTD.
The upcoming earnings report and the new CEO's updates on the company's reinvention plan and potential US store count could influence Starbucks' stock price. However, concerns about China growth and competition may offset any positive impact. The company's shares are currently down 10% YTD, indicating a bearish market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100