Starbucks saw a net revenue of nearly $36 million in fiscal 2023, but now analysts say it is grappling with an increasingly price conscious consumer and serious operating issues that has led to its stock tumbling by about 25% in a year. The coffee company missed revenue expectations by $130 million in its fiscal third-quarter earnings and saw global same-store sales decline by 3%. However, Starbucks is trying to turn things around. Watch the video to find out how.
Starbucks saw a net revenue of nearly $36 million in fiscal 2023, but now analysts say it is grappling with an increasingly price conscious consumer and serious operating issues that has led to its stock tumbling by about 25% in a year. The coffee company missed revenue expectations by $130 million in its fiscal third-quarter earnings and saw global same-store sales decline by 3%. However, Starbucks is trying to turn things around.
Watch the video to find out how..
