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We were sure it was just a typo, a major one, in a headline by the Associated Press: "Starbucks profit down 97% in the 4th Quarter." Surely there's just an extra 7 in that number...? But no. Starbucks stock was only earning a penny a share after last quarter, largely due to the cost of closing under-performing stores. Starbucks swears if you took out the cost of closing stores, which we thought was supposed to save the company money, not cost it more, the stocks would actually have earned ten cents a share. Still, none of the numbers sound good to us.
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In Woodinville there's a hole-in-the-wall charcuterie named Bill The Butcher which has the most outl
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It's the price for overgrowth and losing your way and sense of purpose in the process. Meanwhile, the competition continues to grow in the same economic climate. Something is truly sick and wrong at Starbucks.
I'm sure even an economic neophyte can understand that the one-time costs of closing stores will hurt for one quarter but pay off in the long run.
A penny? I can buy so much candy now!
Maybe people are finally starting to realize that $4 for a cup of coffee might be a bit of an extravagance they can't afford in the current climate.