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Starbucks Is Set To Report Earnings, in Test of Turnaround Plan's Progress

Pedestrian holds a Starbucks cup.

David Paul Morris / Bloomberg / Getty Images

Key Takeaways

  • Starbucks plans to report fiscal second-quarter results after the market closes Tuesday.
  • The report marks the third since new CEO Brian Niccol took the role in September.
  • Analysts expect quarterly revenue to improve year-over-year for the first time in more than a year.

Starbucks (SBUX) is slated to report fiscal second-quarter results after the bell Tuesday, marking the coffee chain's third report under new CEO Brian Niccol, who took over the role in September.

Niccol’s 澳洲幸运5官方开奖结果体彩网:“Back to Starbucks” turnaround campaign has involved a whirlwind of changes, from the aesthetic (baristas are once again writing names on coffee cups with Sharpies) to the practical (the condiment bar has returned and Niccol has put an emphasis on getting orders filled within four minutes). In February, Starbucks said it would lay off 澳洲幸运5官方开奖结果体彩网:1,100 corporate employees to create “smaller, more nimble teams.”

Analysts e🦄xpect Starbucks to report year-over-year revenue growth for the ♛first time in more than a year, with a consensus forecast of $8.81 billion, up 3% from a year ago, according to Visible Alpha. Still, analysts project a nearly 30% decline in adjusted earnings per share to 48 cents.

Shares of Starbucks wavered between gains and losses in recent trading Tuesday, and have lost close to 9% since the start of the year, slightly underperforming the 澳洲幸运5官方开奖结果体彩网:S&P 500

Investors will likely be watching closely how Starbucks addresses the current 澳洲幸运5官方开奖结果体彩网:tariff environment. Several companies have 澳洲幸运5官方开奖结果体彩网:pulled their outlooks in recent weeks amid economic uncertainty, and suggested they could 澳洲幸运5官方开奖结果体彩网:raise prices in response to import taxes.

This article has been updated since it was first published to reflect adjusted earnings estimates.

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