Getting your player ready...
NEW YORK — Starbucks warned Wall Street on Thursday that its profit would fall short of analysts’ expectations this quarter during a conference that began with chief executive Howard Schultz trying to assuage concerns about the recession’s effect on the coffee retailer. Chief financial officer Troy Alstead said same-store sales have deteriorated 9 percent in the U.S. since the company’s fiscal first quarter began at the end of September.
