Starbucks Shares Tick Lower On Slow Growth Reports

Starbucks Corporation 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.

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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