Too Soon?

Apparently my weekend remarks about Starbucks’ rebound was premature. According to this article, the company is continuing to struggle. Here’s the money quote:

“The U.S. consumer is hurting more now than they have in the last 18 months,” said Langston, who expects the back half of the year to be “pretty dismal” for consumers.

“People look at spending $4 on a latte or $4 on a gallon of gas, and they’re probably going to pick the gallon of gas,” Langston said.

Ouch.