Overview

• Global same-store sales fell 3%, marking the second consecutive quarterly decline.
• US same-store sales dropped 2%, with a 6% decrease in foot traffic despite higher average spending per visit.
• China's same-store sales plummeted 14%, exacerbated by increased competition and cautious consumer spending.
• Starbucks opened 526 new stores in the third quarter, bringing the total to 39,477 worldwide.
• The company remains optimistic about its long-term strategy, focusing on new product launches and operational improvements.