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Starbucks looks to booze for revenue growth

By msnbc.com staff

CNBC's Jane Wells reports on the coffee giant's earnings forecast and its attempt to perk up profits by venturing into wine and beer.

It's been a busy quarter for Starbucks (SBUX). The coffee giant has opened its first juice bar, expanded its focus on single-cup coffee machines and introduced its blonde roast, a lighter blend of coffee beans. Plus, the coffee giant is dabbling in offering beer and wine in a few locations in the Northwest.

After Thursday's closing bell, Starbucks will announce its Q2 earnings. So far this year, the stock has skyrocketed about 30 percent -- one of the top performers on the Nasdaq.

Can the Seattle-base company keep its stock price percolating? Check back after the bell for the report.

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