Starbucks stock sees worst post-earnings performance since 2000

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Starbucks News

Quarter Earnings

Starbucks (SBUX) shares are sinking after disappointing second quarter earnings fell short of estimates. The beverage giant reported lower-than-expected...

The beverage giant reported lower-than-expected revenue, earnings, and same-store sales growth, leading the stock to plummet to its worst post-earnings performance since 2000.The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said.

"Their frustration is understandable, but this kind of expectation betrays a misunderstanding of what's actually driving food prices higher in this country."Posthaste: Capital gains tax hike will hit more Canadians than we thoughtThe Canadian dollar strengthened against its U.S.

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