Tepid sales growth cools Starbucks stock
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Shares drop 4% after the bell as retailer posts single-digit growth for first time in nine months. SEATTLE  - Starbucks Corp.
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Starbucks ratcheted down the number of new stores it plans to open this year and said it would close some U.S. locations as it reported a 2% rise in fiscal first-quarter earnings Wednesday.
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No wonder the lines have been so darn long. (You obviously don&#39;t want to know me in the morning!) Citing, among other things, the popularity of its holiday offerings, Starbucks (Nasdaq: SBUX) delivered home-run same-store sales in November.
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The Nasdaq Composite stock index rose on Thursday, helped by higher-than-expected sales at coffee chain Starbucks Corp. , while blue-chip stocks were little changed before employment data on Friday.
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With the stock plummeting and competitors on the attack, Starbucks Coffee said Monday that it was bringing back its top barista to help turn the company around.
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Stocks dropped yesterday as Colgate-Palmolive and Unilever cut profit forecasts, fueling concern that earnings growth is slowing at a time when borrowing costs are headed higher.
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Sales slump subsides at Furniture Brands.
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Starbucks Corp. , the  world's largest coffee shop chain, on Wednesday reported a 15  percent rise in quarterly earnings that met analysts'  estimates, but July same-store sales results were below Wall  Street estimates, and shares fell sharply after hours.
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Starbucks Corp. SBUX.O on  Wednesday reported a 31 percent increase in first-quarter net   income, on strong sales of holiday products like Christmas  Blend coffee beans, and raised its earnings forecast for the  year.
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Starbucks Corp. Wednesday posted its smallest monthly same-store sales increase since May of last year as a string of hurricanes slowed traffic into the coffee shop chain.
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Starbucks Corp. (SBUX.O: Quote, Profile, Research) on Tuesday said its chief executive, Orin Smith, will retire next year, surprising investors, who sent the coffee shop chain&#39;s shares lower in after-hours trading.
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Starbucks Corp  replaced CEO Jim Donald with founder and Chairman Howard Schultz and said it would slow an aggressive U.S. expansion in a shake-up that sent its battered shares up nearly 9 percent.
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U.S. blue chips were near unchanged on  Thursday but technology stocks slipped, as a broker downgrade  on the semiconductor industry rattled investors, while  coffee-shop chain Starbucks SBUX.O disappointed with slowing  growth.
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Starbucks Corp. shares sank nearly 10 percent Thursday, a day after the coffee retailer said it was retooling some store operations to improve service in the wake of slower sales growth in July.
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While times of economic weakness usually sends jittery investors scrambling for safe havens, including brewery stocks, they have passed for now on ordering up the "King of Beers" -- leaving Anheuser-Busch Cos Inc's  shares flat.
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Shares of coffee shop owner Starbucks Corp.  fell more than 7 percent on Thursday after the company's January same-store sales came below some analysts' expectations.
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Lack of enthusiasm just can't hold these underappreciated stocks down.