Starbucks Reports Strong Same-Store Sales Growth, But Operating Margins Remain a Challenge
Starbucks reported a 6.2% increase in global same-store sales for its fiscal second quarter, driven by menu innovation and store remodeling. However, CEO Brian Niccol still faces challenges in improving operating margins. The stock price fell slightly by 0.65% following the report.
Tickers: $SBUX
Topics: CEO performance menu innovation same-store sales Starbucks traffic growth