Starbucks shares slide after coffee chain says sales fell again, suspends outlook

KEY POINTS
• Starbucks released preliminary results for its fiscal fourth quarter and suspended its outlook for fiscal 2025.
• The company's same-store sales slid for the third consecutive quarter, fueled by a 10% tumble in traffic to its North American stores.
• Starbucks also raised its quarterly dividend to "provide some certainty" to investors as it tries to turn around the business.