Starbucks Corp. said Wednesday that it plans to stop providing warm breakfast and sandwiches at its stores to concentrate on healthy breakfast options and high quality baked goods.
Howard D. Schultz, Starbucks chairman and chief executive also said the company may close about 100 underperforming locations in the United States and focus on opening more stores overseas.
Starbucks will open 1,175 restaurants in the United States this year compared to its goal of 1,600 last year.
The company's sales in the United States were severely affected by a weak economy and increased competition from McDonald's and Dunkin' Donuts.
Starbucks earnings rose by less than 2 percent in its first quarter to $208 million in 2008.