Reported about 23 hours ago
Starbucks reported a sixth consecutive quarterly decline in U.S. same-store sales, falling 2%—less than the anticipated 2.5% decline—driven by a 4% drop in comparable transactions. Despite challenges, CEO Brian Niccol's turnaround plans are showing early signs of success as the stock jumped over 4%. Global same-store sales also fell 2%, while China saw a 2% increase due to innovation in offerings. Looking ahead, Starbucks is focusing on enhancing the in-store experience and is investing in its workforce with plans to improve customer service.
Source: YAHOO