Coffee maker Starbucks Inc. (NASDAQ:SBUX) is scheduled to report its fourth quarter and full year Fiscal 2022 results on November 3, after the market closes. Starbucks’ quarterly performances in 2022 have been marred by persistent inflationary pressures, rising costs of coffee beans, unionization struggles, and the resurgence of COVID-19 cases in China. Year to date, SBUX stock has lost 24.5%. The Street expects Starbucks to post an adjusted profit of $0.72 per share in Q4, meaningfully lower than the prior-year period figure of $1.00 per share. Also, the Q4 expectation is below the Q3FY22 adjusted earnings of $0.84 per share. Meanwhile, revenue is pegged at $8.
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Starbucks (NASDAQ:SBUX)
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