$Starbucks(SBUX.US) latest quarterly earnings forecast shows:

Revenue decreased 3% year-over-year to $9.1 billion, lower than market expectations of $9.4 billion;

EPS was $0.8, lower than market expectations of $1.03;

Global same-store sales fell 7%, the largest decline since the pandemic;

Starbucks said revenue was mainly dragged down by weak operations in North America, with U.S. same-store sales down 6% year-over-year, customer traffic down 10%, and average ticket size up 4%; Meanwhile, same-store sales in China also fell 14% year-over-year, with customer traffic down 6% and average ticket size down 8%; Finally, Starbucks said it would suspend updating its FY2025 guidance due to the CEO transition and plans to share more turnaround measures after the market closes on October 30.