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Starbucks Reports Earnings Tomorrow. Here’s What to Expect.

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The report comes after the close of trading. Investors will be looking for hopeful signs from the coffee giant, which has been hit hard by the coronavirus...

Starbucks will report fiscal third-quarter earnings after the close of trading on Tuesday, and while it might be another tough quarter, investors will be looking for hopeful signs from the coffee giant, which has been hit hard by the coronavirus pandemic.

The shares fell after its previous earnings report, delivered in April, and a disappointing update last month further weighed on the stock. High unemployment and remote working has disrupted many commuters’ morning routines, a difficult situation for many restaurants that serve breakfast. Some analysts argue that the company will emerge stronger from the crisis, and argue that now is a good time for long-term investors to buy into the shares.

 

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