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Stock impact report

UPDATE 2-Starbucks to close 150 U.S. cafes to combat slowing growth [Reuters]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Company Research Source: Reuters
Starbucks to close 150 U.S. cafes to combat slowing growth | Reuters Reuters Staff 3 Min Read (Reuters) - Starbucks Corp ( SBUX.O ) on Tuesday said it would close 150 cafes in some saturated U.S. markets and warned comparable sales globally this quarter would miss Wall Street expectations, sending shares down 3 percent after hours. The world’s largest coffee chain has faced increasing competition from upscale coffee houses and fast-food chains like McDonald’s Corp ( MCD.N ) and Dunkin Donuts ( DNKN.O ) in recent years, missing analysts’ estimates for same-store sales in the U.S.-dominated Americas region in five of the last six quarters. The company anticipates lower net new store growth in the United States for fiscal 2019 and said it would take steps to address rapidly changing consumer preferences by introducing new beverages, focusing on growing health and wellness trends. “It seems fairly clear that the low-hanging fruit on causing everybody to get addicted to their (Starbu Show less Read more
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