Starbucks earnings top estimates, but same-store sales decline for fourth straight quarter

1. Starbucks reported a 4% decline in same-store sales for Q1. 2. Quarterly earnings exceeded Wall Street expectations, with EPS of $0.69. 3. CEO Niccol emphasizes turnaround efforts, focusing on customer experience. 4. Traffic to U.S. cafes decreased by 8%, impacting sales performance. 5. Same-store sales in China also fell 6%, influenced by competitive pricing.