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Actionable news in SBUX: Starbucks Corporation,

Starbucks is selling its Tazo tea brand to Unilever

Starbucks is looking to report its fiscal fourth-quarter earnings after the Bell.

Here's what Wall Street expects:

  • EPS: 55 cents, according to Thomson Reuters
  • Revenue: $5.80 billion, according to Thomson Reuters
  • Same-store sales: 3.3% growth projected, according to StreetAccount.

Starbucks has been struggling with weaker same-store sales, as traffic in its U.S. stores has slowed. Analysts will be watching to see if Starbucks can bolster these sales by reinvesting in its stores and technology.

Last quarter, Starbucks same-store sales growth rate improved but the gains came from customers spending more, not from an increased number of visits. Investors will want to see if the coffee chain was able to sustain this momentum, or if it will be hurt by headwinds like declining mall traffic.

They are also looking to see if Starbucks revises its full-year guidance.

Abroad, investors will be expecting an update on Starbucks' progress in Asia. The company said earlier this year it is purchasing the remaining 50 percent share of its East China business. It also said it was selling its 50 percent stake in its Taiwanese joint venture.

Starbucks shares are down less than 1 percent in the year-to-date period.

This is breaking news. Please check back for updates.


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