Shares of Starbucks (SBUX) have trended lower over the past month despite the multinational coffee chain operator delivering a solid Q3 performance, and raising its full-year global comparable-store sales (comps) growth and EPS outlook. What didn’t excite investors was the cut in the international comps growth outlook, primarily in China. (See Starbucks stock charts on TipRanks) Notably, Starbucks lowered its full-year international comps growth outlook to 15-17% (previously 25-30%). Meanwhile, it expects comps to increase by 18-20% in China, down from earlier growth guidance of 27-32%.  The cut in international growth guidance comes on the back of the resurgent COVID-19 virus that limits traffic, and hurts the overall recovery process.
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Starbucks (NASDAQ:SBUX)
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Starbucks (NASDAQ:SBUX)
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From Jan 2021 to Jan 2022 Click Here for more Starbucks Charts.