The Starbucks logo is seen on a cup in one of its cafes on April 26, 2024.
Jakub Porzycki/ | Nurphoto | Getty Images
Starbucks On Tuesday, he reported that his sale in the same store slid in the fourth consecutive quarter, but three -month earnings and companies won the Wall Street expectations.
Coffee Div started a trademark in the last quarter in the hope of reviving his American job, which decreased over the last year.
“Although we have room for progress, we are progressing as we have planned and we have the confidence that we are on the right track,” said CEO Brian Niccol in the video posted on the company website on Tuesday afternoon.
Here’s what the company reported compared to what Wall Street expected, based on research by LSEG analysts:
- Earnings per share: 69 cents compared to 67 cents expected
- Revenue: 9.4 billion USD compared to $ 9.31 billion expected
Net sale of the company Of the $ 9.4 billion, they were unchanged from a year earlier.
The sale of a company in the same store fell 4%, stimulated a 6% turnout in its stores. Wall Street expected a steep drop of 5.5%, according to an estimation of the Streetaccount. His American and international locations have exceeded expectations.
US sales in the same store slid 4% because traffic on his cafes dropped by 8%. Under Niccol, who took up their reins in September, the company tried to turn its American business by returning to Starbucks and restore its focus for coffee and user experience.
Outside its domestic market, the sale of the same store also reduced 4%.
Starbucks sales at the same store in China, its second largest market, fell 6%, encouraged 4% of the average ticket. Coffee Gigant leaned in discounts in China to compete with rivals with much lower prices, like Luckin’s coffee.
