Reported about 1 month ago
Starbucks has reported disappointing fiscal fourth-quarter results, with a 6% decline in same-store sales in the U.S. and a 14% drop in China, despite the popular Pumpkin Spice Latte's return. The company will suspend financial guidance for 2025 as new CEO Brian Niccol aims to address operational issues, simplify the menu, and enhance customer experience. Revenue fell 3% to $9.1 billion, missing expectations, and adjusted earnings dropped 24.5% from last year.
Source: YAHOO