Starbucks (SBUX) - Reports after the close, Thursday, Apr. 25
Wall Street expects Starbucks to earn 56 cents per share on revenue of $6.31 billion. This compares to the year-ago quarter when earnings were 53 cents per share on revenue of $6.03 billion.
What to watch: Wall Street expects Starbucks’ Q2 revenue to rise. But concerns regarding whether the company has saturated its market persists. As of the end of the first quarter of fiscal 2019, the premium coffee chain operated 804 more company-operated restaurants and 852 more franchised restaurants. Starbucks is everywhere, which is a good thing for the company. Investors want growth, however. And with limited locations to place a restaurant, the company is tasked to deliver growth via other means. As such, positive same-store sales growth from the net addition of company-owned and franchised stores will give Starbucks the jolt investors are looking for.