Why Analysts Expect Starbucks’s Revenue to Fall in Fiscal 2Q18
Analysts are expecting Starbucks (SBUX) to post revenue of $5.9 billion in fiscal 2Q18, which represents a growth of 12.2% from $5.3 billion in 2Q17. Revenue growth is expected to be driven by the addition of new restaurants, positive SSSG (same-store sales growth), and an increase in sales from channel development. By the end of fiscal 1Q18, Starbucks operated 28,039 restaurants.