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Starbucks lags market calls on Q1 profit

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Starbucks Corp, the world's biggest coffee-shop chain, delivered a first-quarter forecast that missed analysts' estimates, hurt by mounting costs for labour and technology.

Chicago

STARBUCKS Corp, the world's biggest coffee-shop chain, delivered a first-quarter forecast that missed analysts' estimates, hurt by mounting costs for labour and technology.

Earnings in the period will be 44-45 US cents a share, the Seattle-based company said on Thursday.

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