Starbucks Expected to Post Earnings Drop Due to Turnaround Plan - Barron's
1. Starbucks expects a 26% earnings drop to 67 cents per share. 2. Analysts forecast a 1% revenue decline to $9.3 billion. 3. CEO Niccol is focusing on improving store efficiency and experiences. 4. Increased capital investments may affect short-term profits. 5. Half of analysts recommend Buy, with a target price of $105.56.