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re: Former Starbucks CEO says company needs to refocus on coffee as sales struggle
Posted on 5/7/24 at 2:31 pm to RLDSC FAN
Posted on 5/7/24 at 2:31 pm to RLDSC FAN
quote:
The Seattle coffee giant said revenue dropped 2% in the January-March period as store traffic slowed around the world
The only thing I do not like about corporatism is how even a slight drop in revenue is the end of the world all of a sudden. Consumers are going to cut back given the economy. Eventually, there will be down swings in the market for everyone. Can boardrooms and investors stop panicking when you miss earnings by 1-2%? Especially when you are up like 35% from 2020?
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