A Bad Day For Coffee Drinkers Everywhere (Or A Good Day If You're A Hater)
International coffee chain is down more than 10% in after market trading with these reports:
EPS $0.68 actual vs Est. $0.80 expected (15% miss)
Sales $8.56B vs Est. $9.13B (6% miss)
Are too many people making their coffee at home?
One Grande Hot White Mocha - Please
It's today!
I know the headlines are all about and today, but what about everyone's favorite multi-national coffee chain? Personally, I'm hoping the 4Q retail data is better than expected and we could even see a dividend raise.