Starbucks sales are slowing: Stock sinks

This Starbucks coffee pours like a beer

Starbucks employees may be excited about pay increases, but the enthusiasm of its loyal coffee drinkers seems to have waned a little.

After years of double-digit sales growth, Starbucks is showing signs of slowing. The company’s sales in the latest quarter grew 7.3% to $ 5.2 billion, missing Wall Street expectations. In the previous quarter, sales grew by 9.4% and a year ago by 17%.

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