Starbucks’ investments in staff hit profits, but CEO says turnaround is likely ‘ahead of schedule’ - MarketWatch

1. Starbucks reported Q3 revenue of $9.5 billion, up 4%. Earnings were affected by one-time investments. 2. Same-store sales declined by 2%, worse than analysts' expectations. Adjusted earnings missed projections at 50 cents. 3. CEO Brian Niccol claims turnaround plans are ahead of schedule. Innovation expected to drive growth by 2026. 4. After hours, shares rose 3.5%, indicating positive market reaction. Stock up approximately 1.9% this year. 5. Starbucks is restoring traditional cafe vibes to win back customers. Competitors like Dutch Bros. are a concern.