Starbucks’ sales climbed to record levels in its fiscal second quarter, but its profits took a hit from climbing labor costs. FOX13
sales climbed to record levels in its fiscal second quarter, but its profits took a hit from climbing labor costs.
But net earnings rose just 2% to $674 million. Starbucks’ adjusted earnings of 59 cents per share fell short of analysts’ forecast of 60 cents. But there’s a catch: Workers who have voted to unionize or stores that have petitioned to hold a union election won’t be eligible for those benefits. Instead, U.S. labor law requires stores to negotiate their own contracts with Starbucks.Employees at the Starbucks Reserve Roastery have voted to join Workers United, the labor union representing 25 other stores across the country.
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