Will Starbucks Share Profit from the New CEO?
Starbucks(SBUX) FX Empire·2024-08-19 16:54
Declining Sales: Starbucks has reported a significant decline in performance during its fiscal third quarter. Net income and sales dipped compared to the previous year, with same-store sales plummeting by 3%. This downturn was primarily driven by a sharp 5% decrease in transactions, indicating a decline in customer visits.The U.S. market experienced a particularly steep decline in store traffic, falling by 6%. The situation was even more dire in China, Starbucks’ second-largest market, where same-store sale ...