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Starbucks
on Tuesday reported its sixth straight quarter of same-store sales declines as the company implements a turnaround strategy.
Here’s what the company reported for the quarter ended June 29 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
Excluding certain items, the company earned 50 cents per share. A discrete tax item and a one-time investment hosting the company’s three-day event for U.S. store managers weighed on the company’s earnings per share by 11 cents.
