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Starbucks Down 97 Percent

Starbucks Down 97 Percent

The chain’s fourth-quarter profits are down a whopping 97 percent, from $159 million a year ago to $5 million now. The drop-off is due partly to the company’s $105 million restructuring, but same-store sales are also down 8 percent while they’re up at other fast-food companies. [Ad Age]

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