Reported about 17 hours ago
Starbucks announced its first positive global same-store sales in nearly two years, rising by 1% in its fiscal fourth quarter ended September 28, despite missing earnings forecasts and flat US sales. Adjusted earnings per share were $0.52, below the expected $0.55, although revenue exceeded estimates at $9.6 billion. CEO Brian Niccol emphasized a multiyear turnaround, while the company continued to close unprofitable locations as part of a restructuring effort. Analysts remain cautious about future sales recovery amidst changing consumer spending patterns.
Source: YAHOO