Starbucks’ Q3 Preview Puts 71-Cent EPS Estimate in Focus

Starbucks is due to report third-quarter results Thursday, with investors watching whether same-store sales gains can support profitability and whether the company updates its $2 billion cost-cutting target.

Analyst consensus puts earnings per share at 71 cents. Recent sales and earnings growth has come from same-store sales gains and turnaround efforts, but some analysts question whether profitability can continue without clearer drivers.

Investors are also expected to hear about the cost-cutting target. Margin sacrifices have raised questions about their sustainability and the trade-off with growth.

Analyst ratings lean toward Buy and Overweight, while some Hold ratings reflect caution as investors await more ambitious guidance.