Although the first quarter is usually one of the highest-performing times of the year for Starbucks — including both pumpkin spice and red cup season — Starbucks saw a traffic downturn for the quarter ended Dec. 31, 2023, with North America...
The restaurant company also announced a partnership with Bank of America, Valentine’s Day menu items, and more
CEO Kevin Hochman says emphasis likely to remain on ‘3 for Me’ value platform
Restaurant prices continue to far outpace grocery prices, but the restaurant industry gained market share in December. That said, traffic remains challenged.
CEO Laxman Narasimhan pointed to the Middle Eastern conflicts and traffic softening in China market on weaker results
The Clarendon, Va.-based chain has 15 locations across Washington, D.C., Virginia, and Maryland
