Starbucks profits fall again as CEO says brand recovering from perceptions
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Starbucks profits fall again as CEO says brand recovering from perceptions
Date: 31 July 2024
Publication: Daily Express, Malaysia
Publication: Daily Express, Malaysia
NEW YORK: Starbucks reported lower profits Tuesday behind broad-based sales declines, but shares rose as the company said a turnaround was on track.
The results came on the heels of a bruising April earnings report that drew a tough response on Wall Street, prompting Chief Executive Laxman Narasimhan to promise a reset.
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