It seems that closing stores has hit Starbucks right in the bottom line to the tune of a 97% drop in profits since last year. However this data seems pretty positive though:
Revenue rose 3 percent to $2.52 billion from $2.44 billion. Same-store sales dropped 8 percent in the U.S.
Starbucks expects adjusted profit between 71 cents and 90 cents per share depending on sales. Analysts see 87 cents per share.
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