Starbucks (SBUX) reporte🌠d fiscal second-quarter revenue an🃏d earnings that missed analysts’ expectations, sending shares lower in extended trading Tuesday.
The coffee giant reported revenue of $8.76 billion, up 2% year-over-year but just below the analyst consensus from Visible Alpha. Starbucks' adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share of 41 cents fell from 68 cents a ൲year earlier and failed to meet Wall Street’s proj𓄧ections.
Global same-store sales fell 1%, a slightly sharper drop than the 0.5% decline analysts expected, which the company attributed to declining transaction volumes♒, partially offset by higher spending per ticket.
The results reflect the third report or second full quarter under CEO Brian Niccol, whose 澳洲幸运5官方开奖结果体彩网:“Back to Starbucks” turnaround plan has included 澳洲幸运5官方开奖结果体彩网:revamping the chain's cafes in a bid to make them more welcoming, prioritizing getting customers their orders 澳洲幸运5官方开奖结果体彩网:within four minutes, and restoring its condiment bar.
“Improving transaction comp in a tough consumer environment at our scale is a testament to the power of our brand and partners getting 'Back to Starbucks.' We are on track and if anything, I see more opportunity than I imagined,” Niccol said.
Starbucks shares dropped over 6% in after-hours trading. The stock has lost about 7% so far in 2025 through Tuesday’s close.