Starbucks's new CEO, Brian Niccol, has been making news for his work-from-home setup and early list of priorities. However, after Starbucks surprised investors and analysts with its preliminary earnings report Tuesday evening, commuting by private jet may be the least of Niccol's worries.

Starbucks revealed a decline in sales in the U.S. and China that led to a year-over-year sales drop for the third quarter in a row, ending on September 29. Now, the company will suspend its financial guidance for the rest of the year, Starbucks announced in a press........

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