FlyingScooter Posted November 12, 2008 Share Posted November 12, 2008 SEATTLE -- Starbucks Coffee reported a modest profit of $5.4 million, or a penny a share, this quarter, compared with $158.5 million, or 21 cents a share, in the same period a year ago. Profit declined 97 percent in this quarter. Late Monday, the company reported disappointing results for its fourth quarter and for its 2008 fiscal year, during which company pioneer Howard D. Schultz returned as chief executive and Starbucks stock lost more than half its value. Revenue rose 3 percent to $2.5 billion, up slightly from $2.4 billion a year ago. © 2008 The Associated Press wkyc cleveland ohio That's gotta be a record breaker. Link to comment Share on other sites More sharing options...
TheBannedKid Posted November 12, 2008 Share Posted November 12, 2008 And there is proof that they have crappy coffee. Link to comment Share on other sites More sharing options...
AllenA07 Posted November 12, 2008 Share Posted November 12, 2008 People are losing there homes, $5 coffee isn't on the top of their list for things to keep buying. I'm not surprised at all by this. Link to comment Share on other sites More sharing options...
thrillgeek Posted November 14, 2008 Share Posted November 14, 2008 I knew this would eventually happen. Starbucks just seemed to be a huge fad when it came to High School kids. Link to comment Share on other sites More sharing options...
TheStig Posted November 14, 2008 Share Posted November 14, 2008 Meh, besides the lemon loaf, blended lemonade, and salted caramel hot chocolate, I don't find Starbucks all that amazing. Pete's kicks ass though! Link to comment Share on other sites More sharing options...
robbalvey Posted November 14, 2008 Share Posted November 14, 2008 I will be stopping by our local Starbucks tonight to show my support! --Robb "Yummm....Pumpkin Spice Latte...." Alvey Link to comment Share on other sites More sharing options...
DenDen Posted November 14, 2008 Share Posted November 14, 2008 ^ Me too! I love my venti iced non-fat 5-equal lattes! My roommate is like you, he LIVES for the pumpkin spice. Link to comment Share on other sites More sharing options...
robbalvey Posted November 14, 2008 Share Posted November 14, 2008 Had my Skinny Cinnamon Dolce Latte tonight! Hope my $5 helped out. Link to comment Share on other sites More sharing options...
AllenA07 Posted November 14, 2008 Share Posted November 14, 2008 I think the problem with Starbucks is they overreached a little bit, there are too many of them. I'm curious to see if they start closing up a few of their shops now. For example, up near where Robb lives I know there is something like 6 different Starbucks within about 5 minutes of each other. That, in my opinion, is overkill. With that said, when I do want to buy over priced coffee a white chocolate mocha is basically the best drink out there! Link to comment Share on other sites More sharing options...
larrygator Posted November 14, 2008 Share Posted November 14, 2008 I'm curious to see if they start closing up a few of their shops now. Already started. They announced 600 closures in July, 5% of their US stores. Link to comment Share on other sites More sharing options...
cedarpointfangirl Posted November 14, 2008 Share Posted November 14, 2008 I think the problem with Starbucks is they overreached a little bit, there are too many of them. I'm curious to see if they start closing up a few of their shops now. For example, up near where Robb lives I know there is something like 6 different Starbucks within about 5 minutes of each other. That, in my opinion, is overkill. Yep, I have to agree, it is an overkill!! I have 4 Starbucks close by my house and all are within a mile and a half of eachother. I love Starbucks, and I love convenience, but it is a little too much. Thats a big problem with quite a few of these stores. For example, Circuit City and Linens and Things. Both of these stores opened up multiple locations here in Dallas and now most of them are all closing, or have already shut down. The Circuit City near my Moms house hasn't even been open a year yet and it's closing. Thats just insane! Link to comment Share on other sites More sharing options...
gisco Posted November 14, 2008 Share Posted November 14, 2008 Yep, I have to agree, it is an overkill!! I have 4 Starbucks close by my house and all are within a mile and a half of eachother. I love Starbucks, and I love convenience, but it is a little too much. Thats a big problem with quite a few of these stores. For example, Circuit City and Linens and Things. Both of these stores opened up multiple locations here in Dallas and now most of them are all closing, or have already shut down. The Circuit City near my Moms house hasn't even been open a year yet and it's closing. Thats just insane! Circuit City is in Chapter 11 and may not make it to Christmas, Linen and Things is in final liquidation. You really can't compare Starbucks to either of those. They are selling two completely different products, hard goods verse consumable.I would drive across town to purchase a large screen TV but not for a cup of coffee. With Starbucks it is all about convenance. I only had three Grande non-fat Vanilla latte this week! Link to comment Share on other sites More sharing options...
ginzo Posted November 15, 2008 Share Posted November 15, 2008 Yeah, my wife was addicted to the gingerbread lattes they used to sell around Christmas time, but this year they don't sell those. They're selling ginger snap lattes, which she apparently doesn't like. My take on Starbucks is that it's decent, better than most of the independent places with bumper stickers out front that say "Friends Don't Let Friends Drink Starbucks", but not spectacular. Anyone who has had coffee directly from Colombia, Costa Rica, Nicaragua, etc. can confirm this. In fact, I think I might hit up some of my friends right now so I have some of the good stuff over the holidays. Link to comment Share on other sites More sharing options...
Mr.Six Posted November 15, 2008 Share Posted November 15, 2008 As an avid coffee drinker myself I can say that I'll continue to show my full support for Starbucks! Its been my preference from the start. But if all else fails, ... All hail Peets' Coffee & Tea! Link to comment Share on other sites More sharing options...
SonOfBeastSucks Posted November 15, 2008 Share Posted November 15, 2008 I'd go to Starbucks more often if they had free wifi, but because they don't, I usually just stick with Lazy Daze. I feel better about supporting the independant place anyway. But even when it comes to corprate coffee like Starbucks, I usually go to Seattle's Best, simply because its within walking distance of where I work. The pumpkin spice and chai tea latte at Starbucks are both great though...and the baked goods they have are typically better than Seattle's Best. Link to comment Share on other sites More sharing options...
cycamps Posted November 15, 2008 Share Posted November 15, 2008 Starbucks isn't bad at all in my opinion, they just need to lower their prices... Link to comment Share on other sites More sharing options...
Cygnus12 Posted November 15, 2008 Share Posted November 15, 2008 F--- Starbucks! I like my Dunkin Doughnuts cofee just fine! Link to comment Share on other sites More sharing options...
Hercules Posted November 17, 2008 Share Posted November 17, 2008 I'm curious to see if they start closing up a few of their shops now. Already started. They announced 600 closures in July, 5% of their US stores. Absolutely. They annouced those months back. I know that 4 in my area closed down, and a couple others are slated to go. I worked at a Barnes & Noble Cafe where we features Starbucks products. I had always hated coffee and thought lattes were weird. Then I got hooked. I don't drink any of that anymore because I don't get the discount (actual Starbucks employees get drinks for free on their shift, no?) but I'm still a huge fan of soy toffeenut lattes. I greatly respect the company for giving part-time employees benefits, and their avid work with non-profit organizations. Link to comment Share on other sites More sharing options...
Guest Posted November 18, 2008 Share Posted November 18, 2008 http://www.youtube.com/watch?v=o2Mwb-TTCdU Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now