Core Viewpoint - Starbucks is expected to report quarterly earnings of $0.64 per share, a decline of 31.2% year-over-year, with revenues projected at $9.29 billion, reflecting a 1.9% increase compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 2.7% over the past 30 days, indicating a reassessment by analysts [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock [3]. Revenue Projections - Analysts forecast 'Net Revenues- Company-operated stores' to reach $7.71 billion, a 2.5% increase from the prior year [5]. - 'Net Revenues- Licensed stores' are expected to be $1.11 billion, showing a decline of 1.3% year-over-year [5]. - 'Net Revenues- Other' is projected at $471.17 million, indicating a 0.5% increase from the previous year [5]. - 'Net Revenues- Channel Development' is estimated at $441.13 million, reflecting a 0.7% increase [6]. - 'Net Revenues- North America' is expected to reach $6.89 billion, a 1.1% increase [6]. - 'Net Revenues- Company-operated stores- International' is projected at $1.52 billion, suggesting a significant increase of 10.2% year-over-year [6]. - 'Net Revenues- Licensed stores- International' is expected to be $468.36 million, a 4.6% increase [7]. - 'Net Revenues- Licensed stores- North America' is projected at $659.42 million, indicating a decline of 3.2% [7]. Store Metrics - Analysts estimate 'Total Stores' to be 41,148, up from 39,477 in the same quarter last year [8]. - The consensus for 'Total Licensed stores EOP' stands at 19,438, compared to 19,011 in the same quarter last year [8]. - 'Total Company-operated stores EOP' is expected to reach 21,733, up from 20,466 in the same quarter last year [9]. - 'Total Stores - International' is projected to be 22,400, compared to 21,279 a year ago [9]. Stock Performance - Starbucks shares have returned +5.3% over the past month, slightly lagging behind the Zacks S&P 500 composite's +5.7% change [9].