đź’¨ Abstract
Starbucks reported a 2% increase in Q1 revenue to $8.76 billion, marking its first quarterly revenue increase in over a year. However, this fell short of analyst expectations. Starbucks Chairman and CEO, Brian Niccol, stated that efforts to simplify operations and improve service times are paying off. Despite this, net income dropped 50% to $384 million, and adjusted earnings fell nearly 40%.
Courtesy: wtop.com
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