Starbucks (SBUX) Third Quarter Results Expected with 5.7% Growth

Starbucks (SBUX) is anticipated to report third quarter results with global same-store sales expected to grow by 5.7%, according to Bloomberg data. This follows a 2% decline in the same metric during the previous year’s third quarter. Adjusted earnings per share are projected at $0.56, up from $0.50 year-over-year. Revenue is forecasted at $9.2 billion, a decrease from last year's $9.5 billion, influenced by the company's transition to a joint venture in China. These factors may indicate sustained demand and growth for Starbucks, which matters for investors tracking the coffee chain's recovery and performance.