Starbucks Withdraws Annual Financial Forecast Amid Leadership Changes and Market Challenges

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Starbucks (NASDAQ: SBUX) announced on Tuesday that it is withdrawing its annual financial forecast, reflecting the challenges the company faces as customer interest declines and performance in key markets falters. This decision coincides with Brian Niccol taking over as the new CEO, succeeding Laxman Narasimhan, with a focus on revitalizing the brand and re-engaging customers. […]