The Traderszone Network

Published in TZ Latest News 29 October, 2015 by The TZ Newswire Staff

Starbucks cafe sales hot, but holiday forecast disappoints

Starbucks shares fell as much as 3 percent in after-hours trading, before settling at $62, down 0.8 percent. Global sales at cafes open at least 13 months rose 8 percent in the fiscal fourth quarter, beating the 6.9 percent rise expected by analysts polled by research firm Consensus Metrix. China’s cooling economy has global investors on edge and already has been blamed for soft results from KFC and Pizza Hut parent Yum Brands Inc (YUM.N).