Starbucks CFO said disinflation has not yet reached the coffee giant, except in these two areas.
Starbucks CFO Rachel Ruggeri joins Yahoo Finance Live to discuss company earnings, disappointing China sales, the impact of price hikes, providing value to customers, driving growth, and the outlook for Starbucks.
Shares of Starbucks (NASDAQ: SBUX) sank on Friday after the coffeehouse leader's sales and profits failed to meet investors' expectations. As of 1:35 p.m. ET, Starbucks' stock price was down more than 3%. Starbucks' revenue rose 8% year over year to $8.7 billion in its fiscal 2023 first quarter ended Jan. 1.