From Yahoo Finance: 2025-04-29 16:06:00

Starbucks stock fell 6.6% after disappointing earnings report. US store sales dropped 2%, with fewer customers but higher spending. China sales were flat, impacting revenue. CEO Brian Niccol acknowledged poor results but remains optimistic about the company’s turnaround plan. Tariffs pose challenges for future growth, especially in China. Starbucks laid off 1,000+ employees and faces union negotiations. Stock dropped 4% in the past year compared to S&P 500. Company’s profit down by over 50% in March period.



Read more at Yahoo Finance: Starbucks stock slides as CEO Brian Niccol calls earnings miss ‘disappointing’