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With Starbucks Overhaul Lacking Details, Investors Anxious for Meeting

  • All eyes are on the company’s investor presentation on Tuesday
  • Analyst says lingering questions are holding back the stock
A Starbucks coffee shop in San Francisco.
A Starbucks coffee shop in San Francisco.Photographer: David Paul Morris/Bloomberg
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Howard Schultz took the helm of Starbucks Corp. more than five months ago pledging a massive reinvention of one of the world’s largest restaurant companies. Until now, the details have been vague -- but that’s expected to change at Tuesday’s presentation to investors.

Starbucks is expected to explain plans to redesign cafes -- with analysts saying the company will likely home in on delivery and carryout-friendly formats. The company is also under pressure to deliver more financial details on what those makeovers will cost in the long term, and what impact kitchen upgrades and higher salaries will have on the bottom line.