Corporate report: Starbucks profits drip away

Thu, 01 May 2008 05:50:00 EST
Starbucks Corp. -- The coffee chain's second-quarter profit fell 28 percent as U.S. consumers responded to rising food and gas prices by making fewer latte runs. Net income sank to $108.7 million, or 15 cents per share, from $150.8 million, or 19 cents, in the same period last year. Revenue rose 12 percent to $2.53 billion. Read More ...

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Filed Under: Business, News, Southwest Florida

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Media Source: Herald Tribune

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