Starbucks Earnings Preview: China Growth, US Labor Talks In Focus

Starbucks Earnings Preview: China Growth, US Labor Talks In Focus

Starbucks (SBUX) Shares fell lower on Thursday for the coffee chain giant’s fourth-quarter earnings after the closing bell, with investors likely to focus on growth forecasts in China and negotiations with union leaders in the United States as new CEO Laxman Narasimhan prepares to take the helm.

Starbucks is expected to post non-GAAP earnings of 72 cents a share, down 28% from the same period last year, on modestly firmer sales of $8.31 billion, with same-store sales down approximately 6.8% increase.

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