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Same-store sales overseas declined 4%, with China dropping 6% year over year. The company's operating profit margins in its North America and international segments fell a combined 510 basis ...
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In March 2016, Starbucks unveiled a five-year plan to donate 100 percent of unsold food from its 7,600 company-operated stores in the U.S. to local food banks and pantries. [359] Perishable food will be transported in refrigerated trucks to area food banks through the company's partnerships with the Food Donation Connection and Feeding America.
Revenue was flat year over year at $9.4 billion, versus estimates of $9.32 billion. Earnings per share of $0.69 were a 23% drop compared to the same quarter a year ago, but higher than the $0.66 ...
Starbucks is one of the year's highfliers, with shares up nearly 50% on the year and the stock trading around a 52-week high. As if that weren't enough, Starbucks reported record earnings for its ...
Johnson’s first major initiative was the 2017 two-year North Star project that aimed to refocus Starbucks’ approach to customer service. [ 45 ] [ 46 ] However, employees reported that Starbucks was forcing baristas to take responsibility for customer-service problems caused by other issues like understaffed stores, an increasing demand from ...
International sales plunged 9%, and Chinese comparable sales cratered 14%. Non-GAAP operating profit margins fell 380 basis points from the prior year to 14.4%.
Niccol's comments came as Starbucks reported a disappointing end to its 2024 fiscal year. Starbucks said its revenue fell 3% to $9.1 billion in the July-September period as customer traffic slowed ...