Starbucks Corp. beat expectations for earnings and revenue in the quarter ended Oct. 2 but missed U.S. sales targets for the fourth consecutive period, as the coffee giant said a tumultuous presidential election is weighing on consumer spending. Starbucks has yet to meet a promise made last quarter to return to its historic rate of at least 5% U.S. same-store sales growth. Chief Executive Howard Schultz on Thursday noted a “high...

Source: Wall Street Journal November 03, 2016 20:59 UTC