Starbucks suspends annual forecast as new CEO prepares turnaround plan

Business & Finance

Reuters was nearly two minutes ahead on the news that Starbucks had suspended its forecast through the next fiscal year as new CEO Brian Niccol looks to turn around the coffee giant struggling with falling demand for its pricey drinks. The news sent Starbucks’ shares down more than 7% in post-market trading.  

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Mergers & Acquisition

Regions: Americas

Win Types: Speed

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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