How Will Starbucks' Stock React To Its Upcoming Earnings?
1. Starbucks reports fiscal Q3 earnings on July 29, estimates show 31% earnings drop. 2. Sales increased by 2% to $9.3 billion, a modest improvement amid challenges. 3. Historically, SBUX underperforms post-earnings, with 55% decline rate observed. 4. Q2 missed expectations: profits down 50%, same-store sales fell for 5th quarter. 5. Management hasn't provided guidance for FY 2025, indicating a recalibration phase.