Getting your player ready...
SEATTLE — Starbucks Corp. warned Wednesday that its second-quarter earnings would fall short of analysts’ expectations due to the weak U.S. economy and the cost of its turnaround plan.
The world’s largest coffee retailer said it expects second- quarter earnings of 15 cents per share on a 12 percent revenue increase, down from earnings of 19 cents per share a year earlier. Analysts polled by Thomson Financial were predicting a profit of 21 cents per share.
