(FILES) The Starbucks emblem on the wall of the coffee shop in Annapolis, Maryland, on February 2, 2023. Starbucks reported lower profits on July 30, 2024 behind broad-based sales declines, but shares rose as the company said a turnaround was on track. The results came on the heels of a bruising April earnings report that drew a tough response on Wall Street, prompting Chief Executive Laxman Narasimhan to promise a reset. In the latest batch of results, Starbucks reported a three percent drop in global comparable sales, a slight improvement from the four percent drop in the April quarter. (Photo by Jim WATSON / AFP)
