Starbucks beats quarterly revenue expectations

Starbucks Corp. reported quarterly earnings and revenue for the first quarter of fiscal 2025 that beat Wall Street expectations. Revenue came in at $9.4 billion, compared with an expected $9.31 billion

The company’s net sales of $9.4 billion in the first quarter of fiscal 2025 were unchanged from the same period a year earlier.

The coffee giant began a turnaround plan last quarter in hopes of reviving its U.S. business, which has slumped over the past year.

“While we have room for improvement, we are making progress as planned and are confident that we are on the right track,” CEO Brian Niccol said in a video posted on the company’s website Tuesday afternoon.