Starbucks halts 2-year sales slide, but costly improvements hurt its profits
Starbucks halted a long sales slide in its fiscal fourth quarter as pumpkin drinks and improved service brought customers back to its stores. The Seattle coffee giant said Wednesday that its global same-store sales, or sales at locations open at least a year, rose 1% over last year in the July-September period. It was the first time in nearly two years that the company posted an increase in same-store sales. That increase was largely due to international markets, where same-store sales rose 3%. In the U. ...