Starbucks CEO's Dilemma Unfolds With Stock Performance, Falling Sales

Starbucks' honeymoon with new CEO Laxman Narasimhan ends abruptly as shares plummet 18% post-disappointing quarterly results. Global comparable store sales sink by 4%, with transactions down by 6%. Bloomberg reports efforts to revive fortunes include efficiency boosts, discounts, and new offerings like a boba-inspired drink. But with user frustration over app service and supply chain woes, Starbucks braces for a prolonged recovery, dampening full-year forecasts and investor confidence. read more

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