Reported about 17 hours ago
Starbucks is anticipated to announce its sixth consecutive decline in US same-store sales, with a forecasted drop of 1.5%, as CEO Brian Niccol continues his turnaround strategy in a challenging consumer environment. Analysts predict adjusted earnings to fall around 30% year-over-year, despite an expected revenue growth of 2%. While sales in China show positive trends, the company is exploring a strategic partnership there as it manages cost structures and encourages management to drive performance improvements.
Source: YAHOO