Starbucks rivals seen slurping up its sales
By Lisa Baertlein
LOS ANGELES (Reuters) – Hot coffee sales at McDonald’s Corp (MCD.N: Quote, Profile, Research) may be eating into results at Starbucks Corp (SBUX.O: Quote, Profile, Research), which is expected to report another period of lower profits when it posts quarterly results on Wednesday.
Traffic to U.S. Starbucks stores also has softened [...]
