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12/9/2020, 10:28 PM (Source: TeleTrader)
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Starbucks sees long-term EPS growing 10-12%

Starbucks Corp. revealed on Wednesday the company plans to achieve its long-term targets by registering between 10% and 12% adjusted earnings per share growth in 2023 and 2024.

According to CNBC, Chief Financial Officer Pat Grismer told investors that Starbucks has raised its long-term revenue forecast to a growth range of 8% to 10%.

In its last financial report, Starbucks announced underperforming results hurt by the coronavirus pandemic. Without new business disruptions, the American company plans to hit adjusted earnings per share of $2.70 to $2.90 next year.

Breaking the News / ND