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Thursday, January 31, 2008

Starbucks announces it will close 100 stores

[...]
The Seattle coffee giant announced the closings and slowdown plan when reporting its first-quarter earnings increased 2 percent, to $208 million, or 28 cents a share, from $205 million, or 26 cents a share, in 2006. Total revenues rose to $2.8 billion from $2.4 billion a year earlier. Analysts polled by Thomson Financial Network expected first-quarter earnings of 27 cents per share and revenue of $2.8 billion.
[...]

Labels: Starbucks.

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