Starbucks Corp. reported record revenue but missed Street estimates amid a rocky quarter that included boycotts, work stoppages and a more cautious consumer in one of its key markets.
The Seattle-based coffee giant is now the first national chain to allow customers to bring their own personal cups when ordering in-store or in the drive-thru to help reduce waste.
Starbucks Coffee Company continues to focus on China, naming a co-CEO for the region and opening a nearly one million sq.ft. “coffee innovation park” near Shanghai.