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Starbucks posts steeper-than-expected drop in global sales
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Starbucks posts steeper-than-expected drop in global sales
Jul 29, 2025 1:28 PM

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)

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