Reported 1 day ago
Starbucks is anticipated to report its fourth consecutive quarter of declining comparable sales, raising concerns among investors about the effectiveness of new CEO Brian Niccol's turnaround strategies. Amid increasing competition and waning demand in key markets like the U.S. and China, Starbucks has implemented various measures, including operational changes and job cuts, while halting price hikes despite rising coffee costs. Analysts remain hopeful for a revival in customer traffic in the coming quarters, although the immediate outlook appears challenging.
Source: YAHOO