Starbucks reports quarterly earnings after the bell on Thursday. Analysts surveyed by LSEG expect earnings per share of 72 cents and revenue of $9.23 billion, along with a 6% same-store sales increase, which would be the fifth straight quarter of same-store sales growth as its U.S. turnaround takes hold. The company is closing underperforming locations, about 1% of its North American footprint or roughly 250 cafes, with about $300 million in restructuring charges expected. Starbucks also quashed speculation that it would buy Chipotle Mexican Grill, and its stock has climbed about 24% this year, raising its market cap to roughly $119 billion.
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