Starbucks quarterly revenue falls. Here’s why

The company said there were some bright spots.

SEATTLE — Starbucks’ revenue fell 1% in the April-June period as customer traffic weakened in the U.S. and China.

But the Seattle coffee giant expressed optimism Tuesday that successful new products and improvements in efficiency — including faster drive-thru service and better equipment — will help turn things around in its next fiscal year, which begins later this fall.

“We are focused on what we can control in a consumer environment that can best be described as ‘complex,’” Starbucks CEO Laxman Narasimhan said during a conference call with investors.

Narasimhan said consumers in many

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