Starbucks (SBUX.US) Q2 earnings fall short of expectations, new CEO reforms to address market challenges.

Wisdom Finance app learned that, Starbucks (SBUX.US) new CEO Brian Niccol admitted that despite positive signals in the business recovery process of the coffee chain giant, the latest quarter's financial performance still fell below expectations, posing a serious challenge for the new management team. The financial report shows that as of the second quarter of fiscal year 2025 ending on March 30, global same-store sales at Starbucks fell by 1% year-on-year, below the market's average expectations. Similarly, earnings per share (EPS) for the quarter also fell below expectations, triggering a strong reaction from the capital market: the company's stock plummeted in after-hours trading on the New York Stock Exchange. The stock has fallen by 7% year-to-date, slightly underperforming the S&P 500 index during the same period.