Starbucks (SBUX) will announce results for its second quarter after the close today.
Currently, S&P Capital IQ Consensus expects Starbucks to report Q2 EPS of $0.52 and revenue of $6.75 bln, which would represent growth of about +12.6% yr/yr.
The last four quarters, Starbucks posted bottom line results that were in-line with or better than consensus in all four quarters.
Starbucks forecast Q2 comparable sales growth of approx. +5-10% in the US; the company saw its US sales on track to fully recover in the quarter, with margin recovery projected to follow.
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