Starbucks sales miss as coronavirus spike keeps customers at home

Starbucks on Tuesday reported a larger-than-expected fall in quarterly sales as the renewed surge in coronavirus cases in the United States kept customers at home. 

The world's largest coffee chain’s global same-store sales fell 5 per cent in its first quarter, which ended December 27, more than analysts' estimates of a 3.4 per cent decline, according to Refinitiv IBES data.