Starbucks (SBUX) reported revenue that missed analysts' expectations on Thursday, sending shares down nearly 6 percent. The miss showed the Seattle cafe it is has yet to to find its footing after seeing its once-consistent growth slow.
Here's how the company did compared with what Wall Street expected: Adjusted EPS: 55 cents vs. 55 cents expected according to Thomson Reuters Revenue: $5.7 billion compared to $5.80 billion projected, according to Thomson Reuters Same-store sales: Up 2% vs 3.3% growth projected, according to StreetAccount Starbucks' cafes have been hurt by slowing foot traffic at the mall and changing dining habits, particularly in North America Starbucks had net sales for the quarter of $5.7 billion, flat with the same quarter the year prior.
By Lauren Hirsch.
Full story at Yahoo News.
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