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flag Starbucks revenue rose 2% to $8.76 billion, but net income fell 50%, missing expectations.

flag Starbucks reported a 2% rise in quarterly revenue to $8.76 billion, its first sales increase in over a year. flag Despite this, the company's net income fell by 50% to $384 million and earnings missed Wall Street's expectations. flag Starbucks Chairman and CEO Brian Niccol acknowledged that the turnaround effort is ongoing, with some investments taking time to yield results. flag The company plans to continue improving service and store designs without raising prices despite higher costs.

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