Starbucks (SBUX) reports 4% global same-store sales growth for Q1, beating expectations as CEO Brian Niccol's turnaround strategy gains momentum with menu simplification and improved store experience.
Treasury Secretary Scott Bessent says the Trump administration will take steps soon to lower prices on coffee, bananas, and other imported foods amid rising grocery costs.
Starbucks is selling a 60% stake in its struggling China business to Boyu Capital, aiming to boost growth and reconnect with customers amid rising competition from local coffee brands.
Starbucks (SBUX) reports 1% same-store sales growth after six straight quarters of decline. CEO Brian Niccol's "Back to Starbucks" strategy shows early signs of success with international markets leading recovery.
