Starbucks Q4 earnings preview: US likely to stay resilient, China remains a wildcard

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Did the Pumpkin Spice Latte boost sales once again?

) is set to report its fiscal Q4 earnings early Thursday morning, and it may be brewing up a tale of two countries.

In the US, same-store sales are expected to be up 6.31%. North America foot traffic is expected to increase 1.45%, with ticket size rising 5.63%, in part due to higher prices and more food orders. In a note to clients, Bernstein analyst Danilo Gargiulo said investors have "expressed skepticism" in Starbucks' "ability to meet management's ambitious goals."

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