StarbucksEarnings are expected to be reported on Wednesday, after the bell.

Refinitiv has surveyed Wall Street analysts to see what they expect:

• Earnings per share: 59 cents expected
• Estimated Revenues: $7.6Billion

This is Howard Schultz’s first earnings report since taking over the CEO role in April. Schultz started his first month in the interim role as CEO. Schultz halted stock buybacks, and began a listening campaign to baristas across the country to stem growing union pressure. In the past six months, 50 locations owned by companies voted for unionization.

Schultz demonstrates his willingness to invest in the destruction of the union Wall Street has backed awayStock. Since he took over again, shares have dropped 18%. He is expected to remain in his role until fall when a permanent replacement will be appointed.

Investors’ worries about the stock have taken precedence over China’s slow recovery. China, second in Starbucks’ market share, has instituted lockdowns to prevent new Covid outbreaks, which will reduce demand for its coffee and tea.