Starbucks (SBUX): Earnings Preview 4Q 2017

Starbucks will be reporting fiscal 4Q17 earnings after market close on 11/2. As is usually the case, investors are laser-focused on Americas same store sales, where investors expect 3.4% for the quarter. Within that estimate, brokers expect the majority of the growth will be driven by ticket, as the company continues to work on its digital initiatives and membership rewards program.

Beyond the quarter, investors are also watching the company’s guidance for the next fiscal year. Analysts currently estimate Americas same store sales to accelerate slightly to 3.9% for 2018 and EPS of $2.33.