Starbucks is about to report earnings. Here's what to expect

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Shares of Starbucks have fallen 27% this year, dragging its market value down to $98.37 billion.

Here's what Wall Street analysts surveyed by Refinitiv are expecting:suspended its fiscal 2022 outlook

last quarter, citing the uncertainty caused by Covid lockdowns in China, the company's second-largest market. This quarter, analysts are expecting Starbucks' international same-store sales to drop 14.5%, according to StreetAccount estimates. But Wall Street has more upbeat projections for the company's home market, which is expected to report strong same-store sales growth. Still, CEO Howard Schultz will likely face questions about how the chain expects to fare if consumer spending slows down. Restaurant chains like

 

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