Starbucks Reports 4% Drop in Global Sales for Q1 FY2025
US coffee giant Starbucks saw a 4% decline in global sales during the October-December 2024 period, according to its Q1 FY2025 results released Tuesday, CE Report quotes Anadolu Agency
North American comparable store sales fell by 4%, while China saw a 6% drop. Despite this, total revenue remained steady at $9.4 billion. However, earnings per share dropped 23% year-over-year to $0.69.
The Seattle-based company continued its expansion, adding 377 net new stores, bringing its total to 40,576 worldwide.
