Overview

• Starbucks posted $9.5 billion in fiscal third-quarter revenue, a 4% year-over-year rise that exceeded analyst estimates.
• Adjusted earnings per share dropped to $0.50, missing the $0.65 consensus and marking a 46% decline from a year earlier.
• Global same-store sales fell 2% for a sixth straight quarter, while China comparable sales grew 2%.
• Niccol said the 'Back to Starbucks' turnaround is ahead of schedule and accelerated the rollout of the Green Apron Service hospitality model.
• The company added 308 net new stores in Q3 and is evaluating a potential minority stake sale in its China unit.