Starbucks Shares Dip 3% After Hours as China Restructuring Weighs on Q4 Revenue
Starbucks said fourth-quarter revenue dipped amid China restructuring efforts, while same-store sales and profits strengthened. Shares fell 3% after hours on Thursday.
Shares of Starbucks (SBUX) dipped 3% after hours on Thursday after the company said that its fourth-quarter revenue dipped on China restructuring efforts even as it reported stronger same-store sales and profits that marked further progress in its turnaround efforts.The company’s consolidated net r…