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Starbucks Corporation (NASDAQ:SBUX) shares fell Wednesday morning after after setting profit guidance below expectations.
Starbucks expects 2020 profit growth to be lower than the current 10% rate, two months after the coffeehouse chain raised its 2019 profit forecast according to Reuters.
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Starbucks shares were trading down 2.21% at $94.63 in Wednesday’s pre-market session. The stock has a 52-week high of $99.72 and a 52-week low of $53.21.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.