(Reuters) - Starbucks Corp
"We must move faster to address the more rapidly changing preferences and needs of our customers" Starbucks Chief Executive Officer Kevin Johnson said in a statement.
Starbucks said it expects global comparable store sales to rise 1 percent in the third quarter, below the 3 percent increase estimated by analysts, according to Thomson Reuters I/B/E/S.
The company's shares fell nearly 3 percent in after market trading.
(Reporting by Uday Sampath in Bengaluru; Editing by Shailesh Kuber)
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Updated Date: Jun 20, 2018 03:05:08 IST