Starbucks Not Very Profitable
Starbucks profit dropped 97% in the fourth quarter this year, an indicator that perhaps people have cut back on buying coffee mugs, overpriced espresso machines, and $4 lattes. Starbucks claims that it’s the cost of closing under producing stores, but perhaps special promotions from competing companies like McDonald’s and Dunkin Donuts has something to do with it too.Ref.


