Starbucks to Report Q3 Earnings on July 29

Starbucks is scheduled to release its third-quarter earnings on July 29. Analysts anticipate a decline in same-store sales due to macroeconomic pressures and consumer preference for more affordable coffee options.

Competitive Landscape

The company faces increasing competition from Luckin Coffee, which has expanded its presence in China and the US. This expansion may impact Starbucks’ market share and sales.

Stock Performance

Despite the competitive landscape, Starbucks’ stock has shown significant growth over the past year. Investors who purchased the stock a year ago have seen a substantial increase in value. The company’s stock price has been volatile, with a recent close price of $94.42 and a 52-week high of $117.46.

Key Statistics

  • Recent close price: $94.42
  • 52-week high: $117.46
  • Expected Q3 earnings release date: July 29