Starbucks reported a decline in global same-store sales for the sixth consecutive quarter. To boost sales, the company is implementing a Green Apron Service model, remodeling stores, and upgrading its app. However, these changes come at a high cost, with $500 million in additional labor costs expected over the next year.

CEO Brian Niccol is focused on reducing costs and improving operating margins, despite the current challenges. Global same-store sales fell by 2%, with North American stores experiencing a 2% decline. Starbucks’ second-largest market, China, saw a 2% increase in same-store sales and is seeking a strategic partner for its business in the region.

While overall sales climbed 4% to $9.5 billion, adjusted earnings per share dropped 46% to $0.50. Despite these challenges, Niccol’s efforts to enhance the guest experience show early signs of improvement. The company is working to restore operating margins and profitability, though increased costs remain a concern.

Starbucks’ stock is trading at a forward price-to-earnings ratio of about 32. While a turnaround is in progress, the costs involved and current valuation make some investors cautious. The Motley Fool Stock Advisor team has identified the 10 best stocks for investors to buy now, aiming for significant returns in the future.

Read more at Yahoo Finance: Store Sales Slump, but Is a Turnaround Near?