That showed in the company’s results. While improving, revenues and same-store sales were still lackluster, as Starbucks tries to woo back customers that were frustrated with long wait times, among other issues.

Under its new CEO, Starbucks is spending heavily to make itself a more welcoming coffeehouse with faster service.

Washington-based Starbucks Corporation (SBUX) operates as a roaster, marketer, and retailer of coffee. Valued at a market cap of $123.3 billion, the company offers fresh, rich-brewed coffees along with many complimentary food items and a selection of premium teas and other beverages,

For the quarter ended Dec. 29, 2024, Starbucks’ net income fell 24% to $780 million, equal to 69¢ per share on the common stock, compared to the first quarter of fiscal 2024 when the company earned $1 billion, or 90¢ per share. Total net sales fell less than 1% to $9.4 billion from $9.41 billion the year before.