Starbucks Corp. has no plans to hike prices, though higher coffee costs are expected to weaken profit in the upcoming fiscal year, the company said Tuesday.
The world’s biggest cafe chain repeated its fiscal 2011 profit target of $1.36 to $1.41 a share, which includes an expected hit of 4 cents primarily from higher coffee prices. Starbucks’ 2011 fiscal year begins Oct. 5. Get the full story »
