Starbucks' Earnings Estimates Southbound: Time to Sell the Stock?

Several analysts have slashed their estimates for Starbucks Corporation (SBUX) after the leading roaster and retailer of specialty coffee suspended its financial guidance for fiscal 2025. This unexpected move has sparked widespread concerns among investors and analysts, casting uncertainty over the company’s near-term performance.The global coffee giant has suspended the fiscal 2025 guidance by citing a need for a thorough business reassessment amid the ongoing leadership transition. CEO Brian Niccol emphas ...