Starbucks Same-Store Sales to Get Boost from Mass Cafe Closures, Analysts Say
Dow Jones
3 hours ago
Davidson analysts expect that the closing of hundreds of underperforming Starbucks cafes will create a significant boost to same-store sales. They expect the company's 2027 guidance to include a 3% to 4% increase in same store sales, helped in part by the closure of 250 stores late last month. The analysts are still impressed with the management's turnaround efforts, which have likely set up the coffee giant for sustainable growth over multiple years. Starbucks is scheduled to post earnings on Oct. 29.
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