July 29 (Reuters) - Starbucks ( SBUX ) reported a
bigger-than-expected fall in third-quarter global comparable
sales on Tuesday, as the coffee chain operator grappled with
waning demand in a cautious consumer spending environment.
The company saw overall same-store sales decline 2% for the
quarter ended June 29, a sixth straight quarterly contraction.
Analysts on average had estimated a 1.19% dip, according to data
compiled by LSEG.
(Reporting by Savyata Mishra in Bengaluru; Editing by Anil
D'Silva)