Starbucks falls after posting bigger-than-expected global sales drop
ReutersApr 29, 2025 8:29 PM
Shares of Starbucks SBUX.O fall 1.1% to $83.89 in after-market trading
Posts bigger-than-expected drop in Q2 global comparable sales as demand remained sluggish in the United States amid rising macroeconomic uncertainty
Total same-store sales declined 1% in the second quarter vs analysts' average estimate of a 0.26% fall, according to data compiled by LSEG.
International comparable sales rose 2%, compared with estimates of a 1.13% drop.
Stock has fallen ~7% YTD
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