Starbucks warns of profit-growth miss as stock’s rapid rise prompts ‘pull forward’ of buybacks

Source: Engin_Akyurt

Shares of Starbucks Corp. slumped Wednesday after the coffee seller warned that 2020 profit growth will be below its target, citing a “pull forward” of about $2 billion worth of stock repurchases, which would have boosted per-share results.

source https://finance.yahoo.com/m/b9334ea5-1de0-39c4-b192-acff5e4858ce/starbucks-warns-of.html?.tsrc=rss

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