Jan. 26 (Bloomberg) -- Starbucks Corp. said raw-material costs may ease in the second half of the year.
Chief Financial Officer Troy Alstead said today on a conference call with analysts that the company took advantage of a recent drop in arabica-coffee prices to “lock in” some supplies.
High commodity costs have hurt the company’s grocery business, Alstead said. Retailers are facing “headwinds,” especially from coffee expenses, he said.
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