Friday, January 26, 2018

Starbucks delivers tepid growth across its global empire

Seattle Times

Starbucks’ U.S. slowdown has gone global.

The coffee chain posted disappointing sales growth in all its major regions on Thursday, signaling that it now has bigger problems than an overly saturated U.S. market.

“Our holiday merchandise and limited-time offers did not perform up to expectations,” Chief Executive Officer Kevin Johnson said in an interview. In the U.S., the chain also saw “a little bit of softness in the afternoon, which may be a reflection of fewer people out shopping.”. . . more