earnings

A shareholder has filed a class-action lawsuit accusing the coffee shop giant of making overly rosy projections late last year before its sales, particularly in China, turned starkly south.

The restaurants to be shuttered are in California, Ohio and Texas. The company blamed changes in the trade areas and cannibalization from its nearby restaurants.

The Bottom Line: Some restaurant chains did extremely well, others less so. And even those that seemingly did well did not do well, at least if you ask Wall Street.