SEATTLE Cost-cutting, improved margins and better-than-expected same-store sales, although still negative, helped Starbucks Corp. swing to a profit in its third quarter — results analysts are calling the company’s most “solid all-around” performance since 2007. “The transformation of Starbucks is well underway,” declared Howard Schultz, chairman, president and chief executive of the 16,729-unit chain, on Tuesday in a conference call with analysts. Schultz has been working to turn around the ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com