Starbucks restates Q4 results after arbitration award to Kraft

|About: Starbucks Corporation (SBUX)|By:, SA News Editor

Starbucks (SBUX) updates Q4 GAAP results following the conclusion of its arbitration with Kraft Foods Global which resulted in a $2.75B award payment.

The company says after the revision that its Q4 fiscal 2013 operating loss was $2.115B.

SBUX -1.6% premarket.