Starbucks Isn't Growing Like It Once Did
Starbucks (NASDAQ: SBUX) recently posted a growth uptick for its fiscal third quarter as its expansion pace improved to 4% from 3%. The coffee titan also boosted market share and managed key operating wins in its retailing and packaged goods segments.
That's the good news. The bad news for the business is that Starbucks' customer traffic was weaker than expected. The trend was soft enough, too, that it convinced management to lower their full-year outlook on both the top and bottom lines while announcing an aggressive strategic shift that emphasizes its international growth opportunities.
Image source: Getty Images.
Source: Fool.com
Starbucks Corp. Stock
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