Reported about 8 hours ago
Starbucks announced a slight sales increase in its recent quarterly report, marking its first sales growth in over a year. Despite this progress, the company experienced lower-than-expected earnings and a decline in store traffic, leading to a 50% drop in net income. The CEO indicated that while turnaround efforts are in motion, substantial results will take time, and the performance in the U.S. market lagged compared to international growth.
Source: YAHOO