{"id":47125,"date":"2024-10-23T22:16:25","date_gmt":"2024-10-23T22:16:25","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/starbucks-reports-global-sales-decline-in-july-september"},"modified":"2024-10-23T22:30:43","modified_gmt":"2024-10-23T22:30:43","slug":"starbucks-reports-global-sales-decline-in-july-september","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/starbucks-reports-global-sales-decline-in-july-september","title":{"rendered":"Starbucks reports global sales decline in July-September"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mauritius. <\/strong><\/span>Starbucks reported on Wednesday that its global sales fell 7% in July-September \u2013 the coffee chain\u2019s third consecutive quarter of decline.<\/p>\n<p>Starbucks\u2019 global comparable store sales fell 7% in July-September and 2% for the full fiscal year, accounting for the 52-week period ending Sept. 29.<\/p>\n<p>The company\u2019s earnings per share fell 25% compared to the same period last year to 80 cents. Its consolidated net revenues declined 3% to $9.1 billion.<\/p>\n<p>The coffee chain suspended its annual forecast for the next fiscal year as its new CEO, Brian Niccol, said Starbucks needs a \u201cfundamental change.\u201d<\/p>\n<p>\u201cThe lower-than-expected performance for the full fiscal year was a result of pronounced traffic decline, including a cautious consumer environment, and our targeted and accelerated investments not improving customer behaviors, as well as the macro and competitive environment in China pressuring our results further,\u201d said a Starbucks press release.<\/p>\n<p>Starbucks CFO Rachel Ruggeri said in the statement that despite increasing investments in the coffee chain, no notable change was seen in declining traffic despite their efficiency efforts \u2013 though they reportedly have a plan to revitalize business in the long term.<\/p>\n<p><b>Starbucks shaken by boycott of companies supporting Israel<\/b><\/p>\n<p>Starbucks has faced protests and boycott campaigns across the globe for supporting Israel, as reflected in the company\u2019s financial results for the last three quarters.<\/p>\n<p>The coffee chain lowered its annual sales forecast for October-December last year due to the negative impact on sales in the Middle East, while its revenue fell 2% this January-March and its global sales declined 4%, a first since the end of 2020.<\/p>\n<p>Starbucks reported that its global sales fell 3% in April-June.<\/p>\n<p><strong>For More News And Analysis About Mauritius Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mauritius. Starbucks reported on Wednesday that its global sales fell 7% in July-September \u2013 the coffee chain\u2019s third consecutive quarter of decline. Starbucks\u2019 global comparable store sales fell 7% in July-September and 2% for the full fiscal year, accounting for the 52-week period ending Sept. 29. The company\u2019s earnings per share fell 25% [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":47124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[241,4703],"class_list":["post-47125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-mauritius","tag-starbucks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Starbucks reports global sales decline in July-September - Mauritius<\/title>\n<meta name=\"description\" content=\"Starbucks reported on Wednesday that its global sales fell 7% in July-September \u2013 the coffee chain\u2019s third consecutive q ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/starbucks-reports-global-sales-decline-in-july-september\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Starbucks reports global sales decline in July-September\" \/>\n<meta property=\"og:description\" content=\"Starbucks reported on Wednesday that its global sales fell 7% in July-September \u2013 the coffee chain\u2019s third consecutive q ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/starbucks-reports-global-sales-decline-in-july-september\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-23T22:16:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-23T22:30:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/10\/sm_1729709927.543458.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/starbucks-reports-global-sales-decline-in-july-september#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/starbucks-reports-global-sales-decline-in-july-september\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Starbucks reports global sales decline in July-September\",\"datePublished\":\"2024-10-23T22:16:25+00:00\",\"dateModified\":\"2024-10-23T22:30:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/starbucks-reports-global-sales-decline-in-july-september\"},\"wordCount\":280,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/starbucks-reports-global-sales-decline-in-july-september#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/10\/sm_1729709927.543458.jpg\",\"keywords\":[\"Mauritius\",\"Starbucks\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/starbucks-reports-global-sales-decline-in-july-september#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/starbucks-reports-global-sales-decline-in-july-september\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/starbucks-reports-global-sales-decline-in-july-september\",\"name\":\"Starbucks reports global sales decline in July-September - 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