The company’s shares fell over 2% in premarket trading. Starbucks projected an adjusted loss of about 55 cents to 70 cents per share for its third quarter ending in June, and said it expects U.S. same-store sales to drop by up to 45%. Sales trends are expected to improve in the fourth quarter, but Starbucks still estimates U.S. same-store sales to be down 10% to 20% for the full year. …read more
Source:: Yahoo Finance
