![334788.jpg](https://www.japantimes.co.jp/japantimes/uploads/images/2024/05/02/334788.jpg)
Starbucks CEO Laxman Narasimhan, who officially took over the coffee behemoth just over a year ago, cut annual guidance for a third straight quarter Tuesday after the company’s worst performance since the pandemic. Each of Starbucks’ geographic segments posted a decline — including all-important China, where comparable sales fell 11%.