SEATTLE Starbucks Corp. is pulling its hot breakfast sandwiches and closing 100 stores after posting a 1-percent year-over-year decline in domestic same-store sales for the first quarter ended Dec. 30. Traffic at U.S. coffee shops was down 3 percent on a comparable-unit basis from the same period of a year ago, the company said Tuesday. Net earnings for the quarter totaled $208.1 million, or 28 cents per share, a 2-percent increase over the $205 million, or 26 cents per share, for ...
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Contact: Desiree Torres Desiree.Torres@penton.com