Starbuck's Decaf (SBUX)
Starbuck's missed Wall St.'s revenue target and had poor earnings to boot. Some was due to changes in the company's accounting practices. Investors wanted revenue of $2.02 billion and the coffee retailer did $2 billion.
While the company's long range goal of hitting a total of 30,000 stores worldwide may not be in jeapordy, it may be set back a few days.
Starbuck's shares are off about 6% after hours to just above $37..
Douglas A. McIntyre can be reached at douglasamcintrye@247wallst.com. He does not own securities in companies that he writes about.
While the company's long range goal of hitting a total of 30,000 stores worldwide may not be in jeapordy, it may be set back a few days.
Starbuck's shares are off about 6% after hours to just above $37..
Douglas A. McIntyre can be reached at douglasamcintrye@247wallst.com. He does not own securities in companies that he writes about.
posted by douglas mcintyre at 4:20 AM
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