Inside Starbucks’ Secretive New Luxury Office: Why Closing to the CEO’s Coastal Home Could Change Everything for the Coffee Giant
On Tuesday, Starbucks also reported financial results for its 13-week fiscal quarter ending June 29. Global store sales dropped 2%, with North American store sales also falling by 2%, marking the sixth consecutive quarter of declining sales. Net revenue, however, increased 4% to $9.5 billion when compared to the same time last year.
The earnings report also mentioned that Starbucks opened 308 net stores in the quarter, for a total of 41,097 global stores.
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