Starbucks (SBUX) shares dropped in extended trading Tuesday after the company suspended its outlook for 2025. The coffee chain's preliminary fourth-quarter results also missed expectations.

Starbucks said it would not offer guidance for the 2025 fiscal year, which began this month, citing its transition under 澳洲幸运5官方开奖结果体彩网:new CEO Brian Niccol. The decision “will allow ample opportuni𓄧ty to complete an assessment of the business a෴nd solidify key strategies,” the company said. 

Preliminary Q4 Results Miss Expectations

Starbucks reported fourth-quarter revenue of $9.1 billion, down 3% year-over-year and below the analyst consensus from Visible Alpha. 澳洲幸运5官方开奖结果体彩网:Earnings per share (EPS) at♏ 🍨80 cents declined from $1.06 a year ago and fell short of expectations of $1.03. 

Same-storeܫ sales dropped 7% globally and 10% in North America. In the U.S., the decline was 6%, driven by a 10% fall in com𒉰parable transactions. 

“Despite our heightened investments, we were unable to change the trajectory of our traffic decline, resulting in pressures in both our top-line and bottom-line,” 澳洲幸运5官方开奖结果体彩网:Chief Financial Officer Rachel Ruggeri said.

"We are developing a plan to turn around our business, but it will take time,” she added. 

Shares of Starbucks fell close to 4% in extended trading Tuesday following the release.