Starbucks Reports Mixed Earnings Amid Turnaround Efforts
Starbucks has released its Q1 fiscal results, showing a decline in earnings and same-store sales for the fourth consecutive quarter. Despite the setbacks, the company has reported better-than-expected results, with CEO Brian Niccol expressing optimism about the effectiveness of the ongoing turnaround strategy. Analysts noted that while sales continue to struggle, signs of recovery are emerging as the company focuses on enhancing the coffeehouse experience. Overall, Starbucks remains in the early stages of its turnaround, with hopes of reversing the sales slump and improving customer engagement in the coming months.
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