On January 29th, Starbucks reported a 4% decline in same store sales for the first quarter, with analysts expecting a 5.3% decrease. International same store sales in the first quarter decreased by 4%, and analysts predict a 6.1% decline. Same store sales in the United States decreased by 4% in the first quarter, with analysts expecting a 4.06% decline. Same store sales in North America declined by 4% in the first quarter, with analysts expecting a 5.04% decrease. Same store sales in China decreased by 6% in the first quarter, with analysts expecting a 9.34% decline. Net revenue for the first quarter was $9.4 billion, with analysts expecting $9.31 billion.
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