Starbucks Earnings: What to Watch on Thursday
In its last earnings update in late July, Starbucks (NASDAQ: SBUX) gave investors several reasons to feel cautious about its short-term growth prospects. Sales might not recover from COVID-19 challenges until mid-2021, it warned, with a full profit rebound likely even further out.
Industry growth trends have improved since that update in late July, though, with peer McDonald's (NYSE: MCD) recently reporting that it broke back into positive sales trends by late September. We'll find out on Thursday, Oct. 29, whether Starbucks is on a similarly strong trajectory as it closes out 2020 and looks ahead to its new fiscal year.
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Source Fool.com