September 4, 2019 / 12:54 PM / 2 months ago

Starbucks sees slower profit growth in FY 2020

Sept 4 (Reuters) - Starbucks Corp said on Wednesday it expects 2020 profit growth to be lower than the current 10% rate, two months after the coffeehouse chain raised its 2019 profit forecast.

Shares of the company fell nearly 4% in trading before the bell.

Reporting by Nivedita Balu in Bengaluru; Editing by Arun Koyyur

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