Starbucks will report its quarterly earnings on Thursday after the bell. According to an LSEG survey of analysts, the company is expected to post earnings per share of 72 cents and revenue of $9.23 billion. Wall Street projects a fifth consecutive quarter of same-store sales growth, with a 6% increase driven by North American cafes. In September, Starbucks announced that it would close about 250 locations, or nearly 1% of its North American footprint, with restructuring charges expected to reach $300 million. The stock has risen about 24% this year, lifting its market capitalization to roughly $119 billion, following the company’s denial of takeover speculation involving Chipotle Mexican Grill.
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