Starbucks (SBUX) - Get Report is expected to report higher first-quarter earnings and revenue year over year after Thursday's closing bell. Analysts surveyed by FactSet are projecting adjusted earnings of 52 cents a share on revenue of $5.85 billion. Comparable-store sales are forecast to rise 3.8% during the most recent period vs. a 9% jump a year ago. Mobile order and pay, remodeling, drive-thru additions, beverage innovation, seasonal limited-time offers and food continue to be cited as drivers, the analysts added. Meanwhile, Oppenheimer reiterated an outperform rating on Starbucks stock Wednesday and said comparable-store sales are positioned to re-accelerate this year.
This article was written by a staff member of TheStreet.