(Reuters) – Starbucks missed Wall Street estimates for quarterly sales on Tuesday, in a sign that demand for its pricey coffees and cold drinks in the U.S. might be hitting a roadblock, heaping pressure as it grapples with a patchy recovery in China.
Global comparable sales at Starbucks climbed 5% in the fiscal first quarter, compared with analysts’ expectations of a 6.98% rise, according to LSEG data.
(Reporting by Deborah Sophia in Bengaluru; Editing by Shilpi Majumdar)
