Starbucks Coffee Japan officials maintained that fluctuations in international market prices of coffee beans have not affected the company as it buys coffee beans directly from contracted farmers.

http://www.datamonitor.com

Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall 
not be liable for errors or delays in the content, or for any actions 
taken in reliance thereon

Fewer customers at U.S. stores triggered a mid-single-digit decline in sales at established stores. The company said that California and Florida markets, which account for about one-third of its U.S. retail revenue, have been hard hit by the downturn in the U.S. housing market.

Given the continued weakness in the U.S. economy, the company warned that fiscal 2008 earnings per share would be "somewhat lower" than the 87 cents it reported in fiscal 2007, while analysts were looking for a profit of 97 cents per share for the current fiscal year.

Shares of Starbucks fell to $15.69 in extended trading, after closing up 15 cents at $17.85.

FinancialWire" is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire" news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire" does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions. All FinancialWire" news is available at http://www.financialwire.net . Please address any inquiries to feedback@financialwire.net .

Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 .

http://www.financialwire.net

Want to monetize your website? Visit http://www.comtex.com/sales and contact a Sales Representative to discover how you can get customized news relevant to your site.

The restructuring of Starbucks Entertainment comes a little more than a year after the company unveiled its Hear Music label with great fanfare.

Paul McCartney was the first artist to release an album under the Hear Music label, which has since also released CDs by Joni Mitchell and James Taylor, among others.

Concord Music Group, based in Cleveland, Ohio, was formed in 2004 with the merger of Concord Records and Fantasy Records. Besides the Hear Music joint venture with Starbucks, its projects include a revival of the classic Stax label for rhythm n' blues and soul music.

Shares of Starbucks tumbled $1.86, or 10.42 percent, to close at $15.99.

FinancialWire" is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire" news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire" does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions. All FinancialWire" news is available at http://www.financialwire.net . Please address any inquiries to feedback@financialwire.net .

Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 .

http://www.financialwire.net