United States | News & Politics

1923 readers

161 users here now

Welcome to [email protected], where you can share and converse about the different things happening all over/about the United States.

If you’re interested in participating, please subscribe.

Rules

Be respectful and civil. No racism/bigotry/hateful speech.

Post anything related to the United States.

founded 2 years ago

MODERATORS

[email protected]

Starbucks shares slide after coffee chain says sales fell again, suspends outlook (www.cnbc.com)

submitted 3 weeks ago by [email protected] to c/[email protected]

2 comments fedilink hide all child comments

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 pandemic.

The company blamed its soft sales on weaker demand in North America. In its home market, its same-store sales decreased 6%. Traffic tumbled 10%, despite increased investments in the business, such as more frequent promotions in its mobile app and an expanded range of product offerings.

In China, its second-largest market, same-store sales plummeted 14%. The company attributed the decline to competition in the country, which it said is altering consumer behavior and changing the company’s strategy for the market.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 2 points 3 weeks ago

Maybe bombing Palestine isn't as popular as the aristocratic CEOs think it is after all.