Retail News

Starbucks posts better than expected sales as profits are squeezed

The Seattle Times 11/04/2022

Starbucks reported $8.41 billion in sales for the last quarter, exceeding the $8.32 billion expected by analysts. Higher costs cut into the coffee giant’s profits. Starbucks reported net income of $878 million, down from $1.76 billion a year ago.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!