People sitting inside, a store of the Starbucks coffee shop chain located in the city center of Amsterdam, enjoying coffee after shopping in the café, while others are walking by.
Nicolas Economo | Nurfoto | getty images
starbucks It is expected to report its fiscal second-quarter earnings after the bell on Tuesday.
Here’s what Wall Street analysts surveyed by LSEG are expecting:
- Earnings per share: 79 cents expected
- Revenue: $9.13 billion expected
After Starbucks delivers weak report last quarterMany analysts are not expecting a dramatic recovery in demand until the second half of the fiscal year. The coffee giant has seen traffic at its cafes decline as its rivals in China discount and some turn to American consumers. Disfellowship This is drink. Other quick-service chains, such as McDonald’sreported that low-income customers are still Pulling back your restaurant spending This quarter, it indicates that the same trend may be seen at Starbucks.
Starbucks has said the issues are temporary and it expects sales to bounce back. It’s leaning heavily into advertising and promotion of its new seasonal beverages, like the series of Spicy Lemonade refreshers.
For fiscal 2024, the company estimates revenue growth of 7% to 10% and global same-store sales growth in the range of 4% to 6%. The company is also expecting 15% to 20% growth in earnings per share.
Starbucks shares have fallen 22% over the past year, knocking its market value down by $100 billion.
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