Starbucks has been struggling with declining sales since last year as high prices and long wait times drove customers away.

according to FactSet. It was also better than the previous quarter, when global same-store sales were down 7%. U.S. same-store sales also fell 4% in the first quarter. Starbucks said transactions ...

Starbucks is planning to cut its food and beverage offerings by 30 per cent over the course of this year to simplify operations and speed up service.

Shares of Starbucks Corp. SBUX shed 5.57% to $105.47 Thursday, on what proved to be an all-around dismal trading session for ...