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Starbucks to report earnings as investors eye progress on turnaround efforts

Starbucks (SBUX) is set to report results for its fiscal fourth quarter on Wednesday after the market close, and investors are looking for signs of progress on the company's turnaround efforts as CEO Brian Niccol enters his second year on the job. Wall Street expects the company to report adjusted earnings per share of 0.55onrevenueof0.55 on revenue of 9.34 billion, according to data from Bloomberg. This would mark a 31% decline in adjusted earnings and a 2.6% rise in sales over the prior year. Same-store sales growt ...