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. 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. Starbucks' last official update predicted that U.S. sales would drop by between 12% and 17% in the quarter that closed in late September.
