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Consumers walk in front of a Starbucks coffee shop in Galeria Krakowska shopping mall in central Krakow, Poland, on July 11, 2025.
Dominika Zarzycka | Nurphoto | Getty Images
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:
Earnings per share: 50 cents adjusted, it was not immediately clear if it was comparable to the 65 cents expectedRevenue: $9.5 billion vs. $9.31 billion expectedExcluding 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.
Net sales rose 4% to $9.5 billion. But global same-store sales declined 2%, a steeper drop than estimates of a 1.3% decrease, according to StreetAccount.
However, Starbucks' North American cafes performed better than expected. The chain's North American same-store sales fell 2%, a smaller decline than the 2.5% projected by Wall Street, according to StreetAccount.
And in China, the company's second-largest market, Starbucks reported same-store sales growth of 2% for the quarter.
