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The media company has seen only modest revenue growth but improved operating results (due to its increasing revenue in non-subscription segments) since the pandemic.
While revenue fell by 4% year-over-year to $90.8 billion, earnings came in at $1.53 per share, roughly flat versus last year.
U.S. stocks edge higher on rate-cut bets
SBUX’s stock declines can be attributed to investors’ concern about a sharp decline in same-store sales and a significant miss on earnings per share and net revenue ex...
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