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Archive Home > 2008 > July > 31 > Starbucks posts loss, lowers its outlook

Starbucks posts loss, lowers its outlook


July 31, 2008

NEW YORK — Coffee chain Starbucks Corp., which is closing stores and cutting office jobs amid weak sales in the U.S., posted a loss for its third quarter on Wednesday, lowered its outlook for the year and said it would open fewer new locations.

But the company kept its profit guidance....

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