( ) -q-23- UNDATED (Correspondent Jeremy House) “fell three-percent.” Starbucks’ revenue fell one-percent in the April-to-June period as customer traffic weakened in the U.S. and China. [CutID: <Cuts> STARBUCKS-REVENUE-house-q-WEDam.mp3 Time: 23s Title: STARBUCKS-REVENUE-house-q-WEDam Out-cue: fell three-percent] TAG: Correspondent Jeremy House reporting. Same-store sales in China plunged 14% as the company struggled to compete with lower-priced […]
Audio
Starbucks quarterly revenue falls on weak traffic in US and China
( ) -q-23- UNDATED (Correspondent Jeremy House) “fell three-percent.”
Starbucks’ revenue fell one-percent in the April-to-June period as customer traffic weakened in the U.S. and China.
[CutID: <Cuts> STARBUCKS-REVENUE-house-q-WEDam.mp3
Time: 23s
Title: STARBUCKS-REVENUE-house-q-WEDam
Out-cue: fell three-percent]
TAG: Correspondent Jeremy House reporting. Same-store sales in China plunged 14% as the company struggled to compete with lower-priced rivals. U.S. same-store sales fell 2%.
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VERBATIM: Despite the revenue decline, the Seattle coffee giant is optimistic that successful new products and improvements in efficiency will help turn things around. Starbucks reported revenue of $9.1 billion for its fiscal third quarter. That was slightly lower than the $9.2 billion Wall Street anticipated. Starbucks said global same-store sales fell 3%.