Starbucks Stock Drops After Dismal Earnings, Suspended Guidance

Starbucks Stock Drops After Dismal Earnings, Suspended Guidance · Barrons.com

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Starbucks stock was falling early Wednesday after the company’s earnings and it suspended guidance. Starbucks reported a profit of 80 cents a share after the closing bell on Tuesday, missing forecasts for $1.03, on sales of $9.1 billion, below estimates for $9.38 billion. The company also said that it would suspend guidance as it begins to chart a new course under CEO Brian Niccol.