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Starbucks expected to report dismal sales results
January 27, 2009
Forbes: Starbucks Corp. will report its fiscal first quarter financial results after the market closes today. nalysts largely expect the company to report sliding sales as consumers cut back on small luxuries.
The company also said its same-store sales, or sales at stores open at least a year, for the first nine weeks of the quarter were down 9 percent - a steeper drop than the 8 percent dip the company reported in its fiscal fourth quarter.
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