US EditionDown 30%, Is Starbucks Done?
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Down 30%, Is Starbucks Done?
Global coffee giant Starbucks (NASDAQ:SBUX) is finding itself in unfamiliar territory. With over 40,000 stores worldwide, it needs to navigate a turbulent market as it grapples with declining sales and customer goodwill. The java slinger has faced five consecutive quarters of falling same-store sales, including a 4% drop in the first quarter, driven by an 8% decline in U.S. transactions. Rising labor costs, tariff pressures on coffee beans, and…
·New York, United States
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