Starbucks says its turnaround is starting to work
Starbucks hasn't reported same-store sales growth for nearly two years, so Wednesday's earnings announcement, which included a mention of a 1% increase in those sales last quarter should have been cause for celebration. It was – for a very brief period. While the company's stock saw a bump immediately following its fiscal fourth quarter earnings report, shares quickly slid. The company is poised to open more than 3% lower on Thursday. That caution comes as Starbucks management argues that the turnaround ...
