Starbucks restated its fourth-quarter results Wednesday after an arbitrator ordered the coffee giant to pay $2.2 billion in damages and another $527 million in interest and attorneys fees to former packaged-coffee distribution partner Kraft Foods Global Inc. The impact of the award, which was applied to the Sept. 29-ended fourth quarter, resulted in an operating loss of $1.2 million, or a loss of $1.64 per share. Previously, Starbucks had reported a record fourth quarter with profit ...
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Contact: Desiree Torres Desiree.Torres@penton.com