Reported about 17 hours ago
Starbucks reported its first positive quarter of global same-store sales in nearly two years, lifting shares despite missing profit forecasts and showing flat U.S. sales. In the fiscal fourth quarter, global same-store sales rose 1%, contrasting with expectations of a decline, while revenue hit $9.6 billion. The company closed 627 stores as part of restructuring efforts, indicating ongoing challenges as customers become more selective in their spending. CEO Brian Niccol expressed cautious optimism about future sales trends.
Source: YAHOO