Reported about 1 month ago
Starbucks' preliminary earnings reveal sharp declines in both revenue and same-store sales in the US and China, with traffic numbers described as the worst ever recorded, even surpassing those seen during the 2008 Financial Crisis, according to analyst Peter Saleh. Concerns about customer engagement and marketing strategies are highlighted as potential areas for improvement as the company prepares for its upcoming official earnings announcement.
Source: YAHOO