Starbucks (SBUX) Reports In-Line Q4 Earnings, Lowers Targets
Starbucks Corporation SBUX reported in-line earnings but failed to meet the Zacks Consensus Estimate for revenues in fourth-quarter fiscal 2017 results. Apart from the earnings release, Starbucks made other major announcements. First, Starbucks lowered long-term financial targets, cutting the annual earnings growth forecast to 12% versus the prior guidance for 15%-20%. […]