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Starbucks reports surprise fall in quarterly sales
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Starbucks reports surprise fall in quarterly sales
Apr 30, 2024 1:41 PM

April 30 (Reuters) - Starbucks ( SBUX ) on Tuesday

reported a surprise decline in second-quarter comparable sales,

as it grapples with weak demand for its coffees from

inflation-weary consumers in the United States.

The coffee chain's second-quarter global comparable sales

fell 4%, compared with a 1.44% rise expected on average by

analysts, according to LSEG data.

(Reporting by Juveria Tabassum; Editing by Anil D'Silva)

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