Starbucks will trim "roughly 30%" of its menu items by the end of the 2025 fiscal year, CEO Brian Niccol said Tuesday. Why it matters: The coffee giant's U.S. sales fell 4% in the first quarter and transactions were down 8% but consumers spent more per visit,

In a Tuesday earnings call, Starbucks CEO Brian Niccol said the coffee giant will cut 30% of its menu offerings this year as it streamlines service.

Starbucks (SBUX) reported fiscal first-quarter results that topped analysts’ expectations, sending shares higher in extended trading Tuesday. The coffee giant saw net sales fall 0.3% year-over-year to $9.