Facing severe challenges
Posted: Tue Feb 18, 2025 3:12 am
It is regrettable that the union did not return to the bargaining table even though we had made some progress. We stand ready to continue negotiations to reach an agreement, but we need the union to return to the bargaining table.
As the world's largest coffee chain, Starbucks has had a challenging year this year sales have declined.
According to the latest financial report, Starbucks' operating revenu australia phone number list in the fourth quarter of fiscal year was US$9.07 billion, a yearonyear decrease of 3.2%; net profit was US$910 million, a yearonyear decrease of 25.4%. For the entire fiscal year , the company's total revenue was US$36.18 billion, an increase of 0.6% yearonyear; net profit was US$3.76 billion, a decrease of 8.8% yearonyear.
In addition, growth in China is also sluggish. In the fourth quarter of , Starbucks China achieved net revenue of US$783.7 million, a yearonyear decrease of 7%; samestore sales decreased by 14%, average customer spending decreased by 8%, and the number of orders decreased by 6%. In the entire fiscal year , Starbucks China's operating revenue was US$2.958 billion, a yearonyear decrease of 1.4%. In terms of samestore sales, Starbucks China's samestore sales fell 8% yearonyear.
As the world's largest coffee chain, Starbucks has had a challenging year this year sales have declined.
According to the latest financial report, Starbucks' operating revenu australia phone number list in the fourth quarter of fiscal year was US$9.07 billion, a yearonyear decrease of 3.2%; net profit was US$910 million, a yearonyear decrease of 25.4%. For the entire fiscal year , the company's total revenue was US$36.18 billion, an increase of 0.6% yearonyear; net profit was US$3.76 billion, a decrease of 8.8% yearonyear.
In addition, growth in China is also sluggish. In the fourth quarter of , Starbucks China achieved net revenue of US$783.7 million, a yearonyear decrease of 7%; samestore sales decreased by 14%, average customer spending decreased by 8%, and the number of orders decreased by 6%. In the entire fiscal year , Starbucks China's operating revenue was US$2.958 billion, a yearonyear decrease of 1.4%. In terms of samestore sales, Starbucks China's samestore sales fell 8% yearonyear.