( ) -q-24- UNDATED (Correspondent Jeremy House) “China and elsewhere.” It’s been a disappointing start to Pumpkin Spice Latte season for Starbucks. [CutID: <Cuts> STARBUCKS-SALES-house-q-WEDam.mp3 Time: 24s Title: STARBUCKS-SALES-house-q-WEDam Out-cue: China and elsewhere] TAG: Correspondent Jeremy House reporting. The results were preliminary. Starbucks plans to release full results for the July-September period and to host […]
Audio
Starbucks reports weak quarterly results despite the arrival of Pumpkin Spice Latte season
( ) -q-24- UNDATED (Correspondent Jeremy House) “China and elsewhere.”
It’s been a disappointing start to Pumpkin Spice Latte season for Starbucks.
[CutID: <Cuts> STARBUCKS-SALES-house-q-WEDam.mp3
Time: 24s
Title: STARBUCKS-SALES-house-q-WEDam
Out-cue: China and elsewhere]
TAG: Correspondent Jeremy House reporting. The results were preliminary. Starbucks plans to release full results for the July-September period and to host a conference call with investors on October 30.
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VERBATIM: The Seattle coffee giant reports weaker-than-expected sales in its fiscal fourth quarter, which ended on September 29. It also said it would suspend financial guidance for its 2025 fiscal year to give its new Chairman and CEO time to assess the business. Starbucks said its fourth-quarter revenue fell 3% as it saw weaker customer traffic in the U.S., China and elsewhere.