Starbucks is reeling as customers go elsewhere, sales decline
July 30, 2024 at 19:57 PM EDT
The company’s same-store sales fell 3% in the quarter, fueled by a 5% decline in transactions. Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended … Source