Starbucks stock drops on revised full-year guidance, Q2 miss


Shares of Starbucks (SBUX) are dropping fast in pre-market trading, carrying its stock losses into Wednesday’s session. The chain posted its fiscal second-quarter results on Tuesday, disappointing Wall Street after missing out on revenue and same-store sales expectations. In addition, the coffee giant revised its full-year guidance citing a challenging environment.

Yahoo Finance Retail Reporter Brooke DiPalma joins Wealth! to break down Starbucks’ recent performance, its declining same-store sales in consumer markets around the world, and how it impacts consumers directly.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written and updated by Nicholas Jacobino



This article was originally published by a finance.yahoo.com

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