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Starbucks revenue rose 2% to $8.76 billion, but net income fell 50%, missing expectations.
Starbucks reported a 2% rise in quarterly revenue to $8.76 billion, its first sales increase in over a year.
Despite this, the company's net income fell by 50% to $384 million and earnings missed Wall Street's expectations.
Starbucks Chairman and CEO Brian Niccol acknowledged that the turnaround effort is ongoing, with some investments taking time to yield results.
The company plans to continue improving service and store designs without raising prices despite higher costs.
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Los ingresos de Starbucks aumentaron un 2% a $8.76 mil millones, pero el ingreso neto cayó un 50%, perdiendo las expectativas.