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Starbucks reports weaker-than-expected fiscal Q2 results as customer traffic slows [Video]

Starbucks on Tuesday reported weaker-than-expected sales in its fiscal second quarter as customer traffic dried up in many key markets. The Seattle coffee giant said revenue for the January-March period dropped 2% to $8.6 billion. That was far short of analysts forecast of $9.1 billion. It was the first time since the end of 2020