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Starbucks' sales are falling, and the company doesn't have a clear turnaround plan.
Starbucks (SBUX 0.59%) announced on Tuesday that fiscal fourth-quarter 2024 results would be down sharply as same-store sales fell around the world. The company is in the midst of a turnaround plan, but is there any light at the end of the tunnel for the company? Travis Hoium covers the challenge ahead in this video.
*Stock prices used were end-of-day prices of Oct. 22, 2024. The video was published on Oct. 23, 2024.
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Starbucks. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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