CNBC's Kate Rooney joins 'Closing Bell Overtime' with Starbucks earnings.
Starbucks reported second-quarter earnings after the market closed on Tuesday. Under CEO Brian Niccol, the company is trying to return to growth.
Starbucks posted a bigger-than-expected drop in quarterly global comparable sales on Tuesday, as demand remained sluggish for its pricey coffees in the United States amid rising macroeconomic uncertainty. Total same-store sales declined 1% in the second quarter, compared with analysts' average estimate of a 0.26% fall, according to data compiled by LSEG.
Investors are expecting Starbucks' same-store sales to decline for the fifth straight quarter. Shares of Starbucks have fallen 8% this year, as investors worry about tariffs and how they will affect consumer spending.
Starbucks (SBUX) is slated to report fiscal second-quarter results after the bell Tuesday, marking the coffee chain's third report under new CEO Brian Niccol, who took over the role in September.
Even before President Donald Trump's sweeping tariff announcement, analysts worried that Starbucks' plans to overhaul its stores and service would take time and could get expensive.
The coffee chain says its new tech can cut in-store wait times by two minutes, as it has been struggling with slowing sales.
CEO Brian Niccol has made various moves to speed up service and revive its warm vibe.
If you're looking to collect $1,000 per year in dividend income from Starbucks (SBUX -0.01%), do you need a tall, grande, or venti number of shares? The answer is easy to arrive at via some simple math.
Despite a ton of volatility, shares of Dutch Bros (BROS 2.99%) are still up 98% in the past 12 months (as of April 22). The up-and-coming coffeehouse chain is starting to win over investors who are interested in growth potential for their portfolios.
In addition to awaiting quarterly reports from several of the Mag 7 big tech companies next week, Wall Street will be anticipating Starbucks (SBUX) results for its fiscal second quarter on Tuesday, April 29.
Starbucks' second-quarter fiscal 2025 top line is likely to have benefited from contributions from net new company-operated store openings and menu simplification.