Investors await Q3 results to gauge sales growth and margin trends under new CEO Brian Niccol’s turnaround plan.
Starbucks (SBUX) reports third-quarter earnings Wednesday, with Wall Street forecasting earnings per share of $0.65. The results will test CEO Brian Niccol’s strategy to revive sales growth and profitability amid rising costs and margin pressures.
Analysts expect mid-to-high single-digit comparable sales growth, though sustained momentum remains unproven. Recent quarters showed recovery in sales and margins, but gross margins face headwinds from higher coffee prices, tariffs, and delivery costs. The stock has risen 23% this year, reflecting investor confidence.
Markets will focus on whether Niccol’s initiatives can offset ongoing cost challenges and deliver consistent performance.