Profit warning from Starbucks
US Starbucks at Goldman Sachs conference said it expects revenue to be ten percent lower in fiscal year 2020 that starts on 1 October – origo wrote after ABC News.
.
According to Starbucks, the change was caused by two things: an accelerated share buyback, which saw the company buy back 2 billion USD of its own shares until June, and tax benefits that significantly increased revenue in 2019. (origo)
Related news
Arla invests in milk-drinks production
Arla Foods is looking to support the growth of its…
Read more >Another successful trade fair presence by the Future Store
Trade magazin, the official journal of SIRHA Budapest 2024 was…
Read more >The Hungarian people saved twice as much food
Last fall, they were only around one million – today…
Read more >
More related news >
Related news
Auchan has appointed a new product director
From July 1, László Varga will perform the duties of…
Read more >Healthy summer nutrition tips with Eisberg
With the arrival of the really hot summer and the…
Read more >