Starbucks Stock Slides as Revenue, Profit Miss Estimates
1. Starbucks' Q2 revenue was $8.76 billion, missing analyst expectations. 2. Adjusted EPS fell to 41 cents from 68 cents year-over-year. 3. Global same-store sales decreased by 1%, exceeding the anticipated decline. 4. CEO Brian Niccol's turnaround efforts focus on enhancing customer experience. 5. Shares dropped over 6% in after-hours trading post-results.