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Starbucks CEO Kevin Johnson gestures while speaking during the Starbucks annual shareholders meeting at McCaw Hall on March 21, 2018 in Seattle, Washington.
Analysts are focused once again on whether China and international growth will cool off Starbucks shares as it heads into its fourth-quarter earnings report after the bell Thursday.
Starbucks rallied more than 13 percent in the past three months, shaking off a broad decline on the S&P 500, to get back within range of record highs. Shares of the company are down about 1 percent on Thursday.
The company updated it’s international growth plans at its investor day last month and some analysts want more clarity on China since recent data shows the country’s economic growth is stalling.
KeyBanc’s Eric Gonzalez noted that, “We expect few surprises as it relates to SBUX in China this quarter,” while UBS’s Dennis Geiger said, “…China headwinds could be a drag on F1Q.”
Here’s what else analysts expect: