Starbucks (SBUX) reported fiscal income and profits of the second quarter that lost the expectations of analysts, sending lower actions in the negotiation extended on Tuesday.
The coffee giant reported revenues of $ 8,76 billion, 2% more year after year, but just below the consensus of the Visible Alpha analyst. The tight Starbucks profits per action of 41 cents fell 68 cents a year earlier and failed to meet the projections of Wall Street.
Global sales in the same store fell by 1%, a slightly clear drop than the 0.5% expected decrease analyzes, which the company attributed to the decrease in transactions volumes, partially compensated by a higher ticket expense.
The results reflect the third report or the second complete quarter under the CEO Brian Niccol, whose response plan “Back To Starbucks” has included renewing the cafes of the chain in an attempt to make them more welcoming, prioritizing customers their orders in four minutes and restoring their condiment bar.
“Improving transactions compensation in a difficult consumption environment on our scale is a testimony of the power of our brand and partners returning to Starbucks’. We are on its way and, in any case, I see more opportunities than I imagined,” said Niccol.
Starbucks actions fell more than 6% in the negotiation outside time. The action has lost about 7% until now in 2025 until the end of Tuesday.
