FILE PHOTO: A Starbucks logo hangs outside of one of the 8,000 Starbucks-owned American stores that will close around 2 p.m. local time on Tuesday as a first step in training 175,000 employees on racial tolerance in the Brooklyn borough of New York, U.S., May 29, 2018. REUTERS/Lucas Jackson
(Reuters) – Starbucks Corp (SBUX.O) 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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