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Niccol did not specify which menu items would be eliminated, yet on the company’s fourth-quarter earnings call in October 2024, ... Back to Starbucks plan. Although same-store sales fell 4% in ...
On Wednesday, Starbucks (NASDAQ: SBUX) released preliminary fourth quarter results that fell short of estimates as weak U.S. demand resulted in declines in same store sales, net revenue and profit.
Global same-store sales declined for the second quarter in a row, down 3%, while overall foot traffic fell 5%. Adjusted earnings per share came in at $0.93, compared with estimates for $0.92.
Starbucks' same-store sales — or sales at locations open at least a year — fell 4% compared to the same period last year. The decline was less than the 5.5% analysts anticipated, according to ...
May 1, 2024 at 2:11 PM. ... Starbucks said bad weather dragged its same-store sales lower. ... reported its U.S. same-store sales soared 21.6% in the first quarter.
In fact, it generated $8.6 billion in sales in the second quarter of 2024, ... Still, the combination of new stores and weak same-store sales at Starbucks is a troubling sign, and management needs ...
As fiscal 2024 was wrapping up, the backwards momentum for Starbucks' business was certainly accelerating. Global same-store sales dropped 7% year over year in the fourth quarter, driven by an 8% ...
April 30, 2024 at 7:33 PM. ... same-store sales plunged 11%. Starbucks said it now expects full-year same-store sales to be flat or fall by single-digit percentages, down from growth of 4% to 6%. ...