Starbucks' 4Q Profit Down 97%, Same-Store Sales Drop 8%
Restructuring costs took a bite out of Starbucks' fiscal fourth-quarter and full-year profits, the retailer reported today. Fourth-quarter earnings plummeted 97%, to $5 million, from $159 million in the year-ago period. The figure includes a $105 million charge for restructuring, and other costs associated with the company's turnaround plan. Full-year earnings also fell, 53%, to $316 million, from $673 million last year.
Via AdAge - http://adage.com/article?article_id=132384
Tuesday, November 11, 2008
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2 comments:
Whale ... Starbucks. I see what you have done there, and I like it.
glad you go it- didn't know if it was too high brow for this blog
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