Starbucks reported a decline in same-store sales for the fourth consecutive quarter, but still beat Wall Street’s expectations for earnings and revenue. The coffee giant has been implementing a turnaround plan to revive its U.S. business, which includes removing extra charges for nondairy milk options, focusing on coffee, and beginning a menu overhaul. Despite the decline in same-store sales, both U.S. and international locations outperformed expectations. CEO Brian Niccol expressed confidence in the progress being made and announced plans for restructuring the corporate workforce. Shares of the company rose 3% in extended trading following the earnings report.
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