Starbucks cool on profits forecast
Slowdown dents sales in coffee chain's 1,800 China cafes
Seattle-based Starbucks disappointing profit forecast has sent its shares lower despite strong sales at established outlets.
The world's biggest coffee chain said yesterday that figures would be dented by the strong US dollar and the slowdown in China.
The company which is known for its cautious estimates, offered little consolation into 2016 for investors concerned that shares are over-priced after a surge of 60 per cent over twelve months.
Starbucks shares fell as ...
