1433 ET - All eyes will be on Starbucks' sales when it reports F1Q earnings next week, Baird analysts say in a research note. Improved same-store sales and a stronger top line would give investors a sense that the coffee chain's turnaround efforts--which new CEO Brian Niccol has dubbed the "Back to Starbucks" plan--are gaining traction. It would also indicate longer-term profitability, easing concerns that the company's margins will be squeezed by costly turnaround plans and other factors, such as the prospect of higher coffee costs in 2026, analysts note. They say Starbucks could potentially beat their same-store sales forecast, which calls for the metric to fall 7%, and convey a message that underlying trends improved as the quarter progressed. (connor.hart@wsj.com)
(END) Dow Jones Newswires
January 21, 2025 14:33 ET (19:33 GMT)
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