Starbucks Says FY25 Guidance Will Be Suspended
Portfolio Pulse from Benzinga Newsdesk
Starbucks has announced the suspension of its fiscal year 2025 guidance. This decision may impact investor confidence and stock performance in the short term.
October 22, 2024 | 8:13 pm
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Starbucks has suspended its fiscal year 2025 guidance, which could lead to uncertainty among investors and affect the stock price negatively in the short term.
The suspension of guidance can lead to uncertainty about the company's future performance, which often results in negative sentiment among investors. This can cause a short-term decline in the stock price as investors reassess their positions.
CONFIDENCE 90
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