Jul
31
Starbucks Posts First Quarterly Profit Loss
Posted in: UncategorizedCHICAGO (AdAge.com) — Starbucks cited economic "headwinds" and restructuring costs for its dreary third-quarter report, it first loss as a public company. CEO Howard Schultz, however, maintained that the company's brand remains strong, and that customers remain loyal to Starbucks, even if tighter budgets keep them from visiting as often.
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