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Starbucks(SBUX Quote) on late Wednesday warned the weakening consumer environment would hit profits for the second-quarter and full-year.
For the quarter ending March 30, the coffee chain said it expects to post earnings of 15 cents a share, vs. 19 cents a share in the year-ago period. Analysts expect a profit of 21 cents a share.
For the full year, Starbucks sees profit being "somewhat lower" than the 87 cents a share it earned in 2007. Analysts expect a profit of 75 cents a share. The company did not offer a more precise estimate, but said it expected to do so when it reports earnings April 30. ...
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