Starbucks Begins To Close Stores After Opening Them To Drug Addicts And The Homeless – 3%
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Starbucks Begins To Close Stores After Opening Them To Drug Addicts And The Homeless

Starbucks really opened the eyes of Wall Street investors Tuesday, and it wasn’t because of one of the company’s caffeinated drinks.

In a quarterly guidance call with investors, Starbucks CEO Kevin Johnson said his company expects same-store sales to rise just 1 percent globally for the current quarter. That’s not only the worst quarterly growth for the company in almost nine years, it was far short of the 3 percent growth analysts were expecting.

That’s corporate-speak for regulated increases in minimum wages and other government regulations.

Read more here….

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