Starbucks suffers losses for the first time in 16 years

Pure loss of Starbucks Corp. In the third quarter of 2008, it amounted to $ 6.7 million. A year earlier, the coffee shop network earned $ 158.3 million in the third quarter, the BBC recalls.

The expenses exceeded the income due to the fact that the company spent $ 168 million to close 600 unprofitable coffee houses in the United States and the payment of the weekend of 12 thousand employees.

At the same time, Starbucks management states that the company, compared with last year, has increased sales from $ 2.4 billion to $ 2.6 billion.

The loss of losses did not greatly alarmed investors, on July 30, the company's shares on the NASDAQ exchange fell 2.13%. True, as Reuters notes, over the past two years, Starbucks Corp. shares Falled in price from 40 to 15 dollars.

The Starbucks Corp. coffee shop, whose headquarters is in Seattle, is in 41 countries of the world: the company runs 6566 coffee houses on their own and another 3729 coffee houses operate under the company's license. Several Starbucks coffee houses are open in Moscow .