Starbucks Suspends Its Outlook for 2025, Sending Its Stock Lower
Starbucks(SBUX) Investopedia·2024-10-22 22:00New TakeawaysStarbucks shares dropped in extended trading Tuesday after the company withdrew its outlook for 2025.The company's preliminary fourth-quarter results also missed expectations.CFO Rachel Ruggeri said turning around the business will "take time." Starbucks (SBUX) shares dropped in extended trading Tuesday after the company suspended its outlook for 2025. The coffee chain's preliminary fourth-quarter results also missed expectations. Starbucks said it would not offer guidance for the 2025 fiscal y ...