Reported about 13 hours ago
Starbucks (SBUX) revealed its fiscal second quarter results, showing adjusted earnings of $0.41 per share and net revenue of $8.76 billion, falling short of estimates. The company experienced a 2% decline in U.S. comparable store sales, marking the fifth consecutive quarter of decline. However, comparable sales in China remained flat, defying expectations. Despite the sluggish results, CEO Brian Nichol expressed confidence in their operational strategies to regain consumer trust.
Source: YAHOO