Starbucks earnings fall 77% in Q2

SEATTLE Despite gaining some traction from cost-saving and traffic-boosting efforts and seeing a slight improvement in same-store sales, Starbucks Corp. Wednesday reported a 77-percent decline in second-quarter earnings.

For the quarter ended March 29, the Seattle-based coffeehouse giant recorded a profit of $25 million, or 3 cents per diluted share, compared with $108.7 million, or 15 cents per diluted share, for the same period a year ago.

Con

Register to view the full article

Register to view this article

Already a member? .

TAGS: Archive
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish