Starbucks has suspended its guidance due to a recent sales plunge, according to a Bloomberg report. The coffee giant's stock price has taken a hit in response to the news. Starbucks' decision to suspend its guidance allows it to re-evaluate its performance without committing to specific financial targets. This move is a common practice for companies experiencing uncertainty or volatility.

Source: https://www.bloomberg.com/news/newsletters/2024-10-22/starbucks-suspends-its-guidance-after-sales-plunge