Same-Store Sales at Starbucks Drop, Pushing Revenue Down 1.8%

Apr 30, 2024  · Same-store sales in the quarter fell 3 percent in North America and 6 percent in international markets, driven by an 11 percent decline in China, where Starbucks has placed a big bet on its growth.


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Same-Store Sales At Starbucks Drop, Pushing Revenue Down 1.8%

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Apr 30, 2024  · Same-store sales in the quarter fell 3 percent in North America and 6 percent in international markets, driven by an 11 percent decline in China, where Starbucks has placed a big bet on its growth.

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Starbucks Is Reeling As Customers Go Elsewhere, Sales Decline

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Jul 30, 2024  · The company’s same-store sales fell 3% in the quarter, fueled by a 5% decline in transactions. ... down from $1.14 billion, or 99 cents per share, a year earlier. ... same-store …

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Starbucks Revenue Falls As Same-Store Sales Decline - Investopedia

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Jul 30, 2024  · Starbucks same-store sales fell 3% in the latest quarter after dropping 4% in the prior quarter. The company posted revenue of $9.1 billion, 1% lower year-over-year and below …

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Starbucks Shares Slide After Coffee Chain Says Sales Fell Again ...

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Oct 22, 2024  · For the third consecutive quarter, Starbucks' same-store sales fell. This quarter's 7% decline in same-store sales was the company's steepest drop since the Covid-19 …

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Starbucks CEO Announces Significant In-store Changes - Yahoo …

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Nov 1, 2024  · In Starbucks’ fourth-quarter earnings report for 2024, the coffee chain’s global comparable store sales shrunk by 7% compared to the same time period last year. Specifically …

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Starbucks Is In Major Trouble, Data Shows - Eat This Not That

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Dec 2, 2024  · In the United States alone, same-store sales and traffic dropped by 6% and 10% last quarter, respectively. Per Restaurant Business Magazine, this is the worst sales period for …

eatthis.com

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Starbucks Says The Little Things Are Helping Its Turnaround. It Still ...

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3 days ago  · Starbucks said Tuesday that same-store sales fell 4% year over year in its fiscal first quarter. Photo: AFP/Getty Image

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Starbucks Same-store Sales Declined 7% In 2024 Q4 - Market …

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Oct 22, 2024  · Starbucks reported another drop in sales on Tuesday and suspended its guidance for fiscal year 2025, citing recent leadership changes and the need to revisit its strategy. …

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Starbucks Earnings Top Estimates, But Same-store Sales Decline

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Starbucks said its same-store sales fell 4%, fueled by a 6% decline in visits to its stores. ... Starbucks topped Wall Street's estimates for its quarterly earnings and revenue, but the …

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Starbucks Surpasses Quarterly Sales Expectations Amid …

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3 days ago  · Same-store sales, which is a measure of sales at locations open a year or more, declined 4%, but the drop was not as drastic as the 5.5% analysts projected. Sales at U.S. …

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Starbucks Reports A Q1 5% Drop In Same-store Sales As Company …

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Jan 27, 2021  · The company reported in its earnings for the first quarter ended Dec. 27, 2020 that U.S. same-store sales had dropped 5% (an improvement from last quarter’s -9% same-store …

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Starbucks Sales Set To Drop Again As Investors Wait For Turnaround

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4 days ago  · Starbucks is expected to post a 4.6% fall in comparable store in first-quarter sales, while profit is set to slump about 26%, its fourth straight quarter of declines, according to …

yahoo.com

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Phillip Guido - Orva | LinkedIn

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📺 Best Buy has reported the 10th straight quarter of same-store sales declines, a reported 6.1% drop for February, March and April. Its total revenue of $8.85 billion was a little lower than ...

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Lauren Cohn - JCPenney - LinkedIn

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👚 Urban Outfitters has said it doesn’t have to discount as aggressively, amid holiday-season optimism. In the latest quarter, revenue rose 6.3% to $1.36 billion, while same-store sales rose …

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FAQs about Same-Store Sales at Starbucks Drop, Pushing Revenue Down 1.8% Coupon?

Why did Starbucks' quarterly sales decline 4%?

Starbucks Corp.’s quarterly sales declined less than expected, signalling that the customer retreat that had rattled the coffee chain is starting to subside. Same-store sales fell 4% in the fiscal quarter ended December 29, the company said in an earnings release Tuesday. ...

Why did Starbucks lose 4 percent in fiscal year 2025?

Global same-store sales slipped 4 percent in the first quarter of the company’s fiscal year 2025, which ended on Dec. 29. Declining traffic, a longstanding issue, continued to be a problem: Same-store sales in the United States fell 4 percent, and they fell 6 percent in China, the coffee chain’s second-largest market. ...

What happened to Starbucks?

Its woes only continued to pile up from there. For three consecutive quarters now, Starbucks' global same-store sales have been on the decline. In the United States alone, same-store sales and traffic dropped by 6% and 10% last quarter, respectively. Per Restaurant Business Magazine, this is the worst sales period for Starbucks in 14 years. ...

Why has Starbucks lowered its sales & profit expectations?

Starbucks has lowered its full-year sales and profit expectations following a disappointing second quarter that saw a global slowdown in store visits. The Seattle-based coffee behemoth reported a 2 percent drop in revenue for the January-March period, falling to $8.56 billion, significantly short of Wall Street's predicted $9.12 billion. ...

Why did Starbucks' fourth quarter results fall short of estimates?

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. ...

How did Starbucks perform in the fiscal quarter?

Same-store sales fell 4% in the fiscal quarter ended December 29, the company said in an earnings release Tuesday. That’s an improvement from the 7% slump Starbucks reported in the prior quarter and a smaller decline than analysts polled by Bloomberg were anticipating. ...

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