Read about Seattle coffee retail giant Starbucks, CEO Howard Schultz and developments in the coffee industry. Topics include Starbucks brands such as Via, Teavana, Verismo, Frappuccino, Cafe Misto, Pike Place Roast and Seattle's Best Coffee. Topics also include competitors such as Peets, Tully's, Caribou, Costa Express, McDonald's and Dunkin' Donuts; and Starbucks' global expansion in markets such as India and China.

Starbucks lowers profit forecast, speeds closures of poorly performing stores

Starbucks President and CEO Kevin Johnson speaks at the 26th Annual Meeting of Shareholders at McCaw Hall in Seattle, with more than 3,000 shareholders, employees, guests and board members, Wednesday, March 21, 2018.

Starbucks cut its earnings outlook and plans to close more under-performing stores as part of a multi-pronged response to what chief executive Kevin Johnson called an unacceptable level of same-store sales growth Tuesday.

More Headlines