Starbucks sales eyed for spending trends
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While some investors will eye   unemployment and gross domestic product figures for economic   guidance this week, others will look no further than their   nearest coffee shop for another particularly timely indicator:   Frappuccino sales.
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Starbucks Corp  on Wednesday posted higher quarterly profit as the premium coffee seller works to revive its historically swift growth as it grapples with slower U.S. consumer spending, high milk prices and increased competition.
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While some investors will eye  unemployment and gross domestic product figures for economic  guidance this week, others will look no further than their  nearest coffee shop for another particularly timely indicator:  Frappuccino sales.
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Record purchases of gift tokens and online presents drove up preliminary consumer spending estimates in the US on Monday but clouded attempts to predict retail store sales.
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Shares of Starbucks (Nasdaq: SBUX) slipped last night in after-hours trading when the coffee champ reported same-store sales that were more lackluster than usual.
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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 is still selling growth, but some investors don't seem to be buying it.
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Starbucks Corp  is testing  $1 coffee and free refills in its Seattle outlets as the global  gourmet coffee chain grapples with slower consumer spending and  rising competition from fast-food rivals.
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The Nasdaq Composite Index rose on Thursday, helped by higher-than-expected sales at coffee chain Starbucks Corp. , while the Dow and the S&P 500 inched higher.
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Starbucks Corp. SBUX.O on  Wednesday reported a 31 percent increase in quarterly net   income and raised its earnings forecast for the year on strong  sales of holiday products like Christmas Blend coffee beans.
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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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Shares of coffee shop owner  Starbucks Corp. SBUX.O fell more than 8 percent on Thursday,  a day after the company reported monthly same-store sales that  fell short of many analysts' expectations.
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Starbucks Corp will raise U.S. prices on coffee, lattes and other drinks by an average of 9 cents a cup next week to help offset soaring costs for milk and other commodities, a spokesman said on Monday.
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Starbucks Corp.  said on  Wednesday first quarter earnings rose 18 percent, meeting  analysts' estimates, as it opened more than 8 stores a day and  attracted customers with lunch offerings and gift cards.
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Starbucks Corp  is testing $1 coffee and free refills in its Seattle outlets as the global gourmet coffee chain grapples with slower consumer spending and rising competition from fast-food rivals.
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Starbucks Corp. said quarterly earnings increased 31 percent on the strong holiday sales, and the coffee retailer raised its earnings forecast slightly for its current fiscal year.
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Starbucks Earnings Growth Caffeinated