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Starbucks earnings miss, but coffee chain says it’s seeing ‘momentum’ with turnaround

  • Starbucks reported its fiscal second-quarter financial results on Tuesday, April 29, 2025.
  • This follows the company's struggles with declining sales and consumer spending reductions.
  • Chief Executive Brian Niccol implements a turnaround strategy hiring more baristas and revamping stores.
  • The company reported global comparable sales fell 1% and net income dropped 50%.
  • These results missed analyst expectations, causing shares to fall significantly.
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Portfolio.hu broke the news in on Tuesday, April 29, 2025.
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