Starbucks (SBUX) Guidance Is Critical Ahead Of Earnings

Starbucks (SBUX) earnings will be released today, May 2nd, postmarket. Alex Coffey and Jenny Horne preview these earnings as SUBX's adjusted EPS is estimated at $0.64 and revenue is estimated at $8.40B. They talk about how SBUX's guidance has never been more critical. Investors are looking to see how well SBUX has been able to manage costs increases. They note that SBUX is up over 65% from its 52-week low and hit its 52-week high yesterday. Alex then demonstrates an example trade using SBUX The trade type is skewed put vertical and the direction is neutral to bullish. Tune in to find out more about the stock market today.