Starbucks posts 6th straight quarter of US same-store sales declines as turnaround efforts continue

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0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',r=n._store.getNotifications(),a=n._generatePanelMarkup(o,r),i.innerHTML=a;break;case"error_panel":a=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=a}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(D))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),U=function(){function e(t,n,o){L(this,e);var i=this;i._store=n,i._view=o,i._config=t;var 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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Brooke DiPalma · Senior ReporterUpdated Wed, Jul 30, 2025, 6:33 PM 5 min readStarbucks (SBUX) reported a sixth straight quarterly drop in US same-store sales on Tuesday as the company continues to grapple with an uncertain consumer environment and its CEO's turnaround efforts.US same-store sales fell 2%, in line with the prior quarter's drop but less than the 2.5% drop that had been forecast. That was driven lower by a 4% decline in comparable transactions. Wall Street expected a sharper 4.5% decline.Starbucks "fixed a lot and done the hard work on the hard things to build a strong operating foundation and based on my experience of turnarounds, we are ahead of schedule," CEO Brian Niccol, who previously led the turnaround at Chipotle, said in the release.Starbucks stock was little changed near midday on Wednesday.Global same-store sales fell 2%, more than the 1.5% decline expected, per Bloomberg data, marking an acceleration from the previous quarter's 1% drop.Same-store sales in China rose 2% against forecasts for a 1.4% rise, driven by beverage innovation. The jump was driven by an increase in transactions, which was offset by a decline in the average ticket as the company lowered prices to compete with rival Luckin Coffee (LKNCY). This marks the second straight quarter of positive growth for its operations in China as the company seeks out a partner in the region.Niccol said Starbucks seeks a local partner that shares the same "belief that there's this opportunity to grow" and can set up the brand long-term.Adjusted earnings per share came in at $0.50, missing forecasts for $0.65 per share. Revenue rose 5% to $9.5 billion, more than the $9.3 billion that had been forecast.Read more: Live coverage of corporate earningsSince joining the company last fall, Niccol has tried to change the fortunes of the coffee chain by cutting staff earlier this year and announcing plans this month to require more staff to be in the office four days per week.The company has also incentivized its management team to more aggressively turn around the business, offering executives performance-based stock grants focused on cutting costs.The company plans to prioritize a cozy coffeehouse atmosphere and move away from pickup-focused experiences for customers. Consequently, Starbucks plans to execute small, targeted renovations of its stores, amounting to approximately $150,000 per location, to bring back the thousands of chairs for patrons it took away.For new locations, Niccol said it was able to cut the build cost by roughly 30% and will introduce a new stand-alone prototype in fiscal 2026 that will have 32 seats and a drive-through.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,384.03 +13.17 (+0.21%)Dow 3044,661.57 +28.58 (+0.06%)Nasdaq21,184.67 +86.38 (+0.41%)Russell 20002,261.94 +18.98 (+0.85%)VIX15.94 -0.04 (-0.25%)Gold3,349.50 -31.70 (-0.94%)PortfolioSign in to access your portfolioSign inTop gainersPIII P3 Health Partners Inc. 7.48 +1.68 (+28.91%)WING Wingstop Inc. 365.14 +74.84 (+25.78%)FTAI FTAI Aviation Ltd. 140.02 +25.88 (+22.67%)FSS Federal Signal Corporation 127.34 +22.48 (+21.44%)TER Teradyne, Inc. 108.49 +17.93 (+19.81%)Top losersSLGN Silgan Holdings Inc. 46.18 -9.62 (-17.24%)CAR Avis Budget Group, Inc. 171.87 -32.01 (-15.70%)CHKP Check Point Software Technologies Ltd. 191.25 -27.08 (-12.40%)NEGG Newegg Commerce, Inc. 50.26 -5.93 (-10.55%)TKR The Timken Company 73.14 -7.84 (-9.68%)Most activeSOFI SoFi Technologies, Inc. 21.81 -0.59 (-2.64%)NVDA NVIDIA Corporation 178.93 +3.42 (+1.95%)LCID Lucid Group, Inc. 2.5350 -0.0250 (-0.98%)NVO Novo Nordisk A/S 50.70 -3.24 (-6.02%)TSLA Tesla, Inc. 317.72 -3.48 (-1.08%)Earnings eventsTrending tickersPANW Palo Alto Networks, Inc. 183.46 -10.38 (-5.36%)MRVL Marvell Technology, Inc. 81.36 +5.02 (+6.57%)WING Wingstop Inc. 364.75 +74.45 (+25.65%)SBUX Starbucks Corporation 94.31 +1.35 (+1.45%)HIMS Hims & Hers Health, Inc. 65.10 +4.83 (+8.01%)Top economic events