Robust Growth in Critical Illness and Rehabilitation Segments Drive Performance
Just over a year into the job, the chief executive officer of Starbucks Corp. (NASDAQ:SBUX), Laxman Narasimhan, faces a tough situation as shares plummeted following a disappointing quarterly performance. The company saw a significant drop in shares, declining by as much as 18% after issuing guidance cuts and experiencing its first sales decline since late 2020. Second-quarter Comparable store sales declined 4% globally, driven by a 6% decline in comparable transactions. Efforts to revive Starbu
Comparative Analysis of Q1 Performance Against Analyst Expectations