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Fly News Breaks for September 20, 2016
SBUX
Sep 20, 2016 | 13:16 EDT
Wells Fargo analyst Bonnie Herzog says Nielsen channel data indicates that total packaged coffee growth remains soft. In the four weeks ending September 10, sales for the total packaged ground coffee category were down 0.4% year-over-year, Herzog tells investors in an intraday research note. Starbucks' dollar share of the category increased to 12.9% versus 11.8% last year, however, the analyst points out. She believes Starbucks continues to outperform the industry and keeps an Outperform rating on the shares.
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