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Starbucks is reeling as customers go elsewhere, sales decline (www.nbcnews.com)
submitted 1 month ago by MicroWave@lemmy.world to c/economics@lemmy.world
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The company’s same-store sales fell 3% in the quarter, fueled by a 5% decline in transactions.

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[-] adriator@lemm.ee 39 points 1 month ago

The only way to increase profits is to cut 10,000 jobs, increase prices by 25% and further reduce quality of the ingredients, right? Right?

[-] MajorHavoc@programming.dev 5 points 1 month ago

It's unfortunate, but it's the only way to juice the quarterly numbers just one last time.

this post was submitted on 31 Jul 2024
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