Starbucks could get a jolt from its Nitro Cold Brew.
Starbucks Corp. is scheduled to report fiscal fourth-quarter earnings on Wednesday after the closing bell, and KeyBanc Capital Markets analysts expect the Nitro beverage to power U.S. same-restaurant sales.
“Difficult comparisons coupled with concerns about a slowing consumer spending environment could weigh on investor sentiment,” analysts said.Also: McDonald’s expected to jump into the chicken sandwich war next year: KeyBanc Stock price: Starbucks shares have fallen 15.7% over the past three months, but they have rallied 30% in 2019 and 44% for the past year.Also: Chipotle’s carne asada supply is running low, bringing the limited-time offer to an early end-Quo Vadis Capital says the stock price dip over the last three months is logical. “Despite everything we like about Starbucks, this pullback probably makes sense given the reality of the company’s growth rate,” Quo Vadis wrote.
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