US Edition
Starbucks same-store sales fall for sixth straight quarter
UNITED STATES, JUL 29 – Starbucks' U.S. same-store sales dropped 2% in the April-June quarter, marking six straight quarters of decline despite a 4% revenue increase, company reports show.
- Seattle-Based Starbucks reported revenue of $9.5 billion, a 4% increase, but faces ongoing challenges amid slow U.S. demand, according to the company on Tuesday.
- Starbucks said its adjusted earnings fell 46% to 50 cents per share for the quarter, matching the provided data without additional unsupported claims.
- While U.S. sales fell 2%, Starbucks invests heavily to reverse the downturn, despite growth in China, its second-largest market.
- Starbucks says next year it will introduce a cold foam protein drink, coconut water-based beverages, and improved baked goods to aid U.S. sales recovery.
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Washington Top News+9 Reposted by 9 other sources
Starbucks looks to protein drinks and other new products to turn around lagging US sales
Starbucks said Tuesday it’s confident that improved store operations and new products — including a cold foam protein drink — will soon help turn around the company’s lagging U.S. sales.
·Washington, United States
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Starbucks still struggling as coffee giant’s same-store sales drop for 6th straight quarter
Starbucks reported a bigger-than-expected fall in third-quarter global comparable sales on Tuesday, as cautious consumer spending cooled demand at the coffee chain operator.
·New York, United States
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Starbucks hopes slate of new products will boost sagging sales
Starbucks said Tuesday it’s confident that new products coming next year — including a cold foam protein drink, coconut water-based beverages and improved baked goods — will help turn around the company’s lagging U.S. sales.
·Portland, United States
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Total News Sources75
Leaning Left14Leaning Right9Center40Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 22%
C 63%
14%
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