Starbucks Corporation Is Making Some Big Changes Investors Need to Know About
On the surface, Starbucks Corporation's (NASDAQ: SBUX) fourth quarter results weren't pretty. Revenue was down slightly, net income fell 2%, and earnings per share were flat only because the company bought back shares over the past year.
But before you race to tap the "sell" button on your mobile device, there's some important context about last year and this year that makes a big difference in how you'll view the results: Last year's fourth quarter was a week longer. When we adjust to compare the periods based on that, the results look much more Starbucks-esque, though all is not perfect.
Let's take a deeper look at Starbucks' result, as well as learn what management had to say about its plans for the future. There are some changes as the company adapts to a shifting retail landscape in North America and focuses its sights more tightly on accelerating growth in Asia, particularly China.
Source: Fool.com
Starbucks Corp. Stock
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