Starbucks (SBUX) has moved up 8% in the last week, coming off 52-week lows. Earnings are scheduled for August 1.
According to Reuters, the company will delay opening stores in India. "India is one of five nations that Starbucks has said it is focusing on for international expansion. The others are Russia, China, Egypt and Brazil," Reuters reports.
It may be that the market has some optimism that the coffee chain will stop opening new retail outlets just for the sake of having a higher store count. The most closely watched number coming out with earnings may be same-store sales in the US and overseas.
Douglas A. McIntyre
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