Starbucks is expected to report its fiscal second-quarter earnings after the bell on Tuesday.
Here's what Wall Street analysts surveyed by LSEG are expecting the company to report:
Last quarter, the coffee chain reported traffic growth for the first time in two years, a promising sign for its turnaround under CEO Brian Niccol.
At its investor day in New York City in January, executives shared more details on the next phase of the strategy, which includes additional menu innovation and a revamped loyalty program. The changes to Starbucks Rewards are already engaging value-conscious consumers more after its launch in March, CNBC reported on Thursday.
However, Starbucks' investments in its cafes and labor have weighed on its profits; the trend will likely continue this quarter as the company forges ahead with its plans.
For fiscal 2026, Starbucks is projecting adjusted earnings per share in a range of $2.15 to $2.40 and global and U.S. same-store sales growth of at least 3%.
Shares of Starbucks have risen about 15% in the last 12 months, trailing the S&P 500's gains of roughly 29%. The company has a market cap of about $110 billion.
