Watch Starbucks trade in real time here. Investors reacted to news that Starbucks could experience its worst performance in about nine years by sending the shares down 3.8% in pre-market trading.
The company made the announcement after lowering its guidancefor comparable same-store sales growth in the current quarter to just 1%, well below the 2.9% expected by analysts.
Starbucks announced Tuesday that it is closing 150 of its USA stores in the next year, three times as many as the chain normally closes in that time period. Quarterly dividends will be boosted 20 percent to 36 cents per share over the next five quarters.
It says it generally averages closing up to 50 stores a year. He said the entire "slushy coffee" category is in decline as consumers look for healthier options. Maw said the company is bringing in an outside consulting firm to find cost savings, which Starbucks hopes to realize as soon as its fourth quarter.
The Seattle-based company announced Tuesday that it will close approximately 150 underperforming stores in its most densely populated USA markets amid sluggish sales - up from its usual rate of 50 per year. "It is not an excuse", for the 1 percent growth rate, he added. Starbucks said it also will slow the growth of licensed stores in airports, supermarkets and other retail stores, reflecting criticism that the coffee-shop pioneer was expanding too rapidly. The locations of the stores to be closed have not been released.
Gregg Popovich flew to San Diego Tuesday to meet with Kawhi Leonard with hopes of mending fences, according to multiple reports . This comes on the heels of Leonard reportedly asking for a trade - preferably to somewhere in Los Angeles - out of San Antonio .
Either Khan or the under wraps second limited series project would represent the first Star Trek limited series to ever air. Still, this would be huge news for Star Trek fandom-however you might feel about a Picard-centric reboot.
Under the Obama administration, such families were usually referred for civil deportation proceedings, not requiring separation. The conversation was expected to be dominated by immigration legislation and the furor resulting from the family separations.
He has been a top performer and regular No 1 goalkeeper with Leverkusen in the Bundesliga for the past seven years. Arsenal have agreed a deal to sign Bernd Leno for an initial €22m (£19.2m) from Bayer Leverkusen .
Trump has accused Democrats of provoking the current crisis by blocking legislation to combat illegal immigration. Members said the range of issues Trump covered included trade, taxes and other victories for the administration.
According to Fitzwilliams, Prince Harry and Markle's attendance in the event is already a representation for the royal family . The event, which concludes on June 23, will also feature Meghan and Prince Harry presenting the winning trophy for the St.
Renard said he was still smarting from the disappointment but said that the players alone were not to blame. Cristiano Ronaldo 's 4th-minute goal has made the difference as Portugal leads Morocco 1-0 at halftime.
Fox's board said it still has the right to weigh competing offers, signaling that the bidding war for its assets could continue. The deal will be approximately 50% cash and 50% stock, and debt will be used to partly finance the transaction.
Later in the day, Microsft released a formal statement, which calls on the Trump administration to stop the family separations. The letter was posted on the internal message board on Tuesday and was obtained by The New York Times .
Blatter shared the draw ceremony stage that day with Putin and could meet with the Russian leader this week. A Swiss criminal proceeding was opened against Blatter in September 2015 for alleged financial misconduct.
Suzuki’s new Jimny gets retro look, remains rugged
The mini-SUV will finally receive the much awaited update after 20 years ever since the last Jimny was introduced. So far no details have been released regarding the engines that will power the new Jimny.
Big Cass released by WWE after 7 years with company
Pro Wrestling Sheet is reporting that there was another incident that happened in private on the WWE bus that chauffeurs talent. On Tuesday, the company announced it had agreed to terms of release with Big Cass in a stunning move, hours before Smackdown .
Buzz kill: Gnats swarm players during Tunisia v England game
The World Cup is upon us once again after four years, which typically means lots of drinking and shouting at the television. You never stop until the final whistle and thankfully it paid off for us with a late goal and a big win in the group stage.
Afghans 'tired of war', say exhausted peace marchers in Kabul
Experts say the assault may have been aimed at blocking reconciliatory efforts between the Taliban and the government in Kabul . But they have refused to meet with the US -backed government, saying they will only negotiate with the United States directly.