Starbucks points to weaker consumer as profit falls | Borneo

Starbucks points to weaker consumer as profit falls | Borneo Bulletin Online

NEW YORK (AFP) – Starbucks reported lower profits on falling sales on Tuesday as the coffee giant pointed to weakening consumer sentiment and lackluster conditions in China as factors behind an earnings miss. The performance “did not meet our expectations,” said Chief Executive Laxman Narasimhan, who also noted a wave of severe weather in the […]

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