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Starbucks Dismisses 'Saturation' Warnings

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Starbucks Dismisses 'Saturation' Warnings

Business

Starbucks Dismisses 'Saturation' Warnings

Starbucks Dismisses 'Saturation' Warnings

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  • <iframe src="https://www.npr.org/player/embed/16368971/16368912" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Starbucks released its quarterly earnings report Thursday and profits were up again. The stock price fell, though, because of a small decline in customer traffic in U.S. stores.

Starbucks dismissed the "saturation" issue and said the company will press ahead with plans to open 1,600 new stores next year.