Starbucks reported record revenue in its fiscal first quarter but lowered its sales outlook for the rest of the year as spending weakens in China and other markets. Starbucks said its revenue rose 8% to a record $9.43 billion for the October-December period. Global same-store sales rose 5%, which was also lower than the 7% increase analysts forecast. Starbucks also saw record U.S. spending per order as visitors bought more food and spent more to customize their drinks. Starbucks and Workers United plan to try to resolve the lawsuit in mediation sessions next month, according to court filings.

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Persons: Laxman Narasimhan, Narasimhan, “, ” Narasimhan, boycotters, Belinda Wong, We’re, Wong Organizations: Starbucks, Workers United, Israel, Workers Locations: China, Seattle, U.S, Narasimhan, Gaza