Starbucks Corp. had a disappointing quarter, with flat same-store sales and earnings dropping to $0.12 per share. CEO Brian Niccol’s efforts to improve results have not shown success, with the stock down 14% over the past year. Niccol’s strategies, including store redesigns and menu cuts, have not resonated with investors.

Despite efforts to revitalize the brand, Starbucks’ U.S. same-store sales remained flat, hindering CEO Brian Niccol’s turnaround strategy. The company closed 627 stores, with 90% in North America, as part of its restructuring efforts. Niccol’s initiatives, like uniform uniforms and menu cuts, have not boosted sales as expected.

Starbucks’ global same-store sales increased by 1%, but U.S. sales remained flat, disappointing investors. The company reported a revenue increase of 5% to $9.57 billion, but earnings per share plummeted from $0.80 to $0.12. CEO Brian Niccol’s turnaround efforts have not yet yielded significant results, reflected in the company’s stock performance.

Read more at Yahoo Finance: Starbucks’ Terrible Quarter