Starbucks in huge shake-up after biggest fall in sales since the pandemic - Financial results revealed like for like store sales dropped by 7% in the fourth quarter to September compared with 2023.

The new boss of Starbucks says he will overhaul the global coffee chain's menu as the company continues to see its sales slide. Brian Niccol also announced that he was suspending the firm's financial forecasts for the coming year due to the "current state of the business".

In recent years, the arrival of fall is a reason for many customers to scurry to their local Starbucks to get their pumpkin spice latte fix. But not this year. On Tuesday, after the market closed, the coffee giant reported preliminary quarterly earnings showing a steep decline in same-store sales.