Starbucks Revenue Falls as Same-Store Sales Decline

Key TakeawaysStarbucks same-store sales fell 3% in the latest quarter after dropping 4% in the prior quarter.The company posted revenue of $9.1 billion, 1% lower year-over-year and below analysts' expectations.CFO Rachel Ruggeri said the company is ahead of schedule with its efficiency efforts. Starbucks Corp. (SBUX) missed revenue expectations with its fiscal third-quarter results, driven in part by a decline in same-store sales. The coffee titan reported revenue of $9.1 billion, down 1% year-over-year and ...