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Starbucks shares down on sales shortfall

Published Sun, Apr 30, 2017 · 09:50 PM

New York

STARBUCKS Corp's new chief, who took the job last month, isn't getting much of a honeymoon.

The shares declined as much as 3.8 per cent on Friday after quarterly sales missed analysts' estimates, renewing concerns that competition and mobile-ordering problems are weighing on growth.

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