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Starbucks earnings set to reflect stabilizing US trends offset by mixed international outlook [Yahoo! Finance]
Last starbucks corporation earnings: 4/28 04:05 pm
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US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
Starbucks Corp (NASDAQ:SBUX, XETRA:SRB) is set to report fiscal second quarter earnings on April 28, with analysts split between signs of improving US demand and lingering concerns about the durability of the recovery and the medium-term earnings trajectory. Jefferies expects the quarter to be largely in line with forecasts, while highlighting incremental improvement in the US business. The firm raised its estimate for US same-store sales to 4%, slightly above consensus, supported by improving traffic trends and sequential gains in consumer demand indicators. At the same time, the analysts maintained a more cautious stance on international markets, particularly China, where it expected growth to trail consensus amid heightened competition and transitional effects linked to the joint venture structure. Despite the stabilisation in US performance, Jefferies remained cautious on the second half outlook, arguing that sustaining mid-single-digit domestic growth would be challengin
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