JAPAN: Starbucks slashes full-year forecast from profit to loss
Starbucks Coffee Japan has significantly cut its full-year net forecast to a net loss of ¥500m (US$4.1m) from a previous forecast of a ¥950m net profit. The company, which is the Japanese unit of US coffee giant Starbucks, attributed the fall in profits to a cooling off of sales at its stores, but denied that the new forecast would have a major effect on its plans for expansion. The company plans to increase its 416 stores in Japan to 500 by September 2003.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Analysis: Post discusses rationale for Weetabix
- Interview: Sir Kensington's on sale to Unilever
- US food next wave on display at Winter Fancy Food
- Column: Why snacking is the new meal
- Who will buy Danone's Stonyfield business?
- Unilever buys US condiments maker Sir Kensington's
- Ice cream helps Unilever sales, food flat
- Suntory to offload Australia, New Zealand foods
- Post: Weetabix "opens up M&A opportunities"
- Nestle organic growth slows but beats expectations