Starbucks 2Q profit falls 77 pct on restructuring, but adj. earnings beat analyst estimates

NEW YORK — Consumers continued buying fewer lattes and coffees at Starbucks in its second quarter and restructuring charges led to a 77 percent in net income, but the drop in sales was something of an improvement.

Starbucks 2Q profit falls 77 percent on restructuring, but adjusted earnings beat estimates

NEW YORK — Starbucks Corp. said Wednesday its fiscal second-quarter profit dropped 77 percent because of big restructuring charges related mainly to the closure of 123 U.S. cafes.

Starbucks 2Q profit falls 77 percent on restructuring, but adjusted earnings beat estimates

SEATTLE — Starbucks says its fiscal second-quarter profit dropped 77 percent because of big restructuring charges related to closing more than 120 cafes.