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Posted by
Two Blokes May 3 -
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Stock
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News of some progress in turning around its lagging same-store sales was not enough to keep share prices of Starbucks (SBUX 3.19%) from dropping, partly because its fiscal second-quarter earnings fell well short of expectations. The stock now trades below the initial surge it experienced following the announcement that former Chipotle head Brian Niccol would assume the position of CEO.
