Starbucks (SBUX): Coffee Trends Holding Up Going Into Earnings

Coffee visitation trends are holding up, broadly falling across other retail categories, notes R.J. Hottovy. He and Andrew Charles preview Starbucks (SBUX) earnings. SBUX earnings are to be released today, May 2nd, postmarket. Its adjusted EPS is estimated at $0.64 and revenue is estimated at $8.40B. They go over how TD Cowen has an outperform rating for SBUX. They talk about what consumer demand trends mean for food stocks. They compare other coffee stocks to SBUX which include Keurig Dr. Pepper (KDP), Dutch Bros (BROS), and BRC Inc. (BRCC). Tune in to find out more about earnings and the stock market today.