-=Starbucks (SBUX) lowers its earnings guidance for FY18

• Starbucks details three strategic priorities - taking decisive steps to address anticipated Q3 comps of 1%; lowers FY18 EPS guidance

Starbucks details three strategic priorities - taking decisive steps to address anticipated Q3 comps of 1% 

• Starbucks details three strategic priorities to regain revenue and earnings momentum: Accelerating growth in the U.S. and China, the company's targeted long-term growth markets; Expanding and leveraging the global reach of the brand through the Global Coffee Alliance; and Sharpening the focus on increasing shareholder returns.
• With the execution of the company's strategic priorities expected to improve the return profile of the business, the company now expects to return approximately $25 billion in cash to shareholders in the form of share buybacks and dividendsthrough FY20. This represents a $10 billion increase from the cash return target announced on November 2, 2017. Co increases quarterly dividend to $0.36/share from $0.30/share.
• The company is actively exploring strategic options to license company-operated stores in other appropriate markets.