Starbucks reports lower than expected revenue in fiscal fourth quarter due to softer international demand

Starbucks announced fiscal fourth-quarter revenue that fell below analyst expectations, primarily attributed to a softening in international traffic. While global same-store sales rose 7.2%, driven by strong U.S. demand, international same-store sales increased less than 1%, with a 2.8% decline in international store traffic. Net revenue for the quarter was $9.14 billion, missing the $9.2 billion forecast.