Reported 1 day ago
Starbucks reported its first quarter results for fiscal year 2025, revealing a flat revenue of $9.4 billion and earnings per share of $0.69, both exceeding Wall Street's expectations despite declining same-store sales and foot traffic. New CEO Brian Niccol emphasized the need for improvement while outlining plans to streamline operations, cut promotions, and focus on core coffee products. The company continues to navigate challenges, particularly in its Chinese market, while planning significant changes aimed at enhancing customer experience and operational efficiency.
Source: YAHOO