Reported about 19 hours ago
Starbucks reported third-quarter adjusted earnings per share of $0.50, falling short of the $0.65 estimate, while net revenue reached $9.46 billion, exceeding expectations. Despite a 2% decline in comparable sales, CEO Brian Niccol remains optimistic about the company's turnaround efforts, indicating they are ahead of schedule. The U.S. market showed slightly better-than-expected results, while foot traffic declined but less than anticipated. In China, same-store sales increased by 2%, reflecting ongoing improvement.
Source: YAHOO