Carl's Jr. makes up for Starbucks' decline
posted on 8th April 2013
Restaurant Brands' latest acquisition is making up for the poor performance of its cafe business. We wrote about the issues facing Starbucks last November.
'Starbucks Coffee outlets reported a 5.1 percent fall in sales to $25.1 million, with a 22 percent slide in ebitda to $2.9 million, and it will close more stores in the coming year as their leases end. Carl's Jr contributed $1.9 million in sales and made an ebitda loss of $500,000 after opening in November.'
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