Reuters reports the ubiquitous coffee chain's top official said the business of serving and preparing specialty coffee drinks is "still very strong" one day after a restaurant conglomerate reported appetizer, dessert and drink orders fell at its stores. Olive Garden, Red Lobster and LongHorn Steakhouse - all holdings of Darden Restaurants ( DRI ) - saw the shortages during the first quarter, which ended August 28.
"Starbucks is having its best year and our business remains strong," Schultz told Reuters during a phone interview.
Yet Mr. Schultz really ought to hone his political prowess, according to CEO-turned-politician Carly Fiorina, former top official of Hewlett-Packard. She took to the National Review Online to air her opposition to Schultz' open letter to CEO peers stating they should not financially endorse candidates seeking elected office.
The present-day vice chairwoman of the National Republican Senatorial Committee argued: "We are undermining the entrepreneurial foundation of our economy " while endorsing and encouraging "Crucial debate about very big ideas," states the column she penned.
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