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Published 17 days ago

Starbucks Admits It Is Struggling & Losing Customers in 2024

Summary by Eat This Not That

Starbucks continues to reign as one of the world's largest and most profitable restaurant chains. But despite holding that highly-coveted title, the coffee giant is facing its fair share of financial struggles in 2024. The company just released its latest quarterly earnings results, reporting customer traffic declines, a 4% drop in global same-store sales, and a 6% decline in global transactions. In North America specifically, same-store sales a…

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Starbucks Admits It Is Struggling & Losing Customers in 2024

Starbucks continues to reign as one of the world's largest and most profitable restaurant chains. But despite holding that highly-coveted title, the coffee giant is facing its fair share of financial struggles in 2024. The company just released its latest quarterly earnings results, reporting customer traffic declines, a 4% drop in global same-store sales, and a 6% decline in global transactions. In North America specifically, same-store sales a…

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