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M&J Article by Mahesh Biju is a document available to read on EtoBox.

Starbucks reported a 3% decline in net sales to $9.1 billion for the recent quarter, driven by decreased customer visits in key markets like the U.S. and China. This situation poses challenges for new CEO Laxman Narasimhan, as the company has withdrawn its fiscal guidance for 2025 amid changing consumer habits and rising inflation. Following the announcement, Starbucks shares fell approximately 3%, highlighting the need for a new strategy to address operational inefficiencies and adapt to shifting consumer

Author

Mahesh Biju

Language

EN