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Starbucks is reeling as customers go elsewhere, sales decline

Starbucks is reeling as customers go elsewhere, sales decline

The company’s same-store sales fell 3% in the quarter, fueled by a 5% decline in transactions.

 

Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended …

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