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Today: April 06, 2025
Today: April 06, 2025

Starbucks misses quarterly sales estimates

A barista prepares coffee using a siphon brewing method as Starbucks Corp opens the first upscale Starbucks Reserve store at the Starbucks headquarters in Seattle
July 02, 2024
Reuters - Reuters

(Reuters) - Starbucks missed Wall Street estimates for quarterly sales on Tuesday, in a sign that demand for its pricey coffees and cold drinks in the U.S. might be hitting a roadblock, heaping pressure as it grapples with a patchy recovery in China.

Global comparable sales at Starbucks climbed 5% in the fiscal first quarter, compared with analysts' expectations of a 6.98% rise, according to LSEG data.

(Reporting by Deborah Sophia in Bengaluru; Editing by Shilpi Majumdar)

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