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Starbucks
is expected to release a long-term forecast and share more details about how it plans to hit those financial targets at an investor presentation held in New York City on Thursday.
When Starbucks suspended its outlook in October 2024, its long-term forecast projected global same-store sales would grow at least 5%, revenue would climb at least 10% and earnings per share would rise at least 15%.
Shares of Starbucks have fallen roughly 5% over the last year, dragging its market value down to about $108 billion. In addition to the company’s challenges, investors are concerned about the broader pullback in consumer spending and higher coffee prices.
