Starbucks turnaround plan has ‘merit’ but its unknown cost …
16 hours ago · The recently-aired turnaround plan for Starbucks Corp. has merit, but the cost of reversing the company’s eight-year decline in weekly visits in the U.S. remains an overhang on the stock ...
Starbucks’s new CEO is making changes — here’s what customers …
Starbucks reported net income of $909.3 million, or 80 cents a share, in its earnings, down from $1.22 billion, or $1.06 a share, in the same quarter last year. Same-store sales declined by 7%.
Starbucks reveals what an enormous mess its new CEO has to …
Oct 23, 2024 · Starbucks revealed that sales fell again. David Ryder/Getty Images. New York CNN — Starbucks’ new CEO Brian Niccol has a Herculean task in front of him to change the dire state of affairs that...
7 ways Starbucks CEO Brian Niccol plans to change the coffee chain
Oct 31, 2024 · CNBC. Starbucks CEO Brian Niccol shared more details about the company’s turnaround strategy during the company’s quarterly conference call on Wednesday. For three straight quarters, Starbucks...
Starbucks Announces Removal of Extra Charge for Non-Dairy …
SEATTLE – October 30, 2024 – Starbucks (NASDAQ: SBUX) today announced that, starting with the launch of its holiday menu on November 7, the company will no longer charge extra for customizing beverages with a non-dairy milk, making it easier for customers to make their Starbucks beverage their own. “Core to the Starbucks Experience is the ...
Starbucks Reports Preliminary Q4 and Full Fiscal Year 2024 Results
Oct 22, 2024 · For the fourth quarter of fiscal year 2024, global comparable store sales declined 7%, and consolidated net revenues declined 3% to $9.1 billion, or a 3% decline on a constant currency basis. GAAP earnings per share is $0.80, down 25% over prior year. Non-GAAP earnings per share is also $0.80, declining 24% on a constant currency basis.
Starbucks’s CEO Steps In to Tackle Long List of Issues - The New …
Oct 30, 2024 · Starting with the introduction of the holiday menu in early November, Starbucks will no longer charge customers extra for nondairy milk, one of the most popular customizations.
News - About Starbucks
Your source for the latest news from Starbucks. Learn about what is happening in our stores and company–from beverage and food announcements to financial news, partner (employee) and customer experience updates. Follow us on Twitter @StarbucksNews.
New Starbucks CEO Brian Niccol outlines priorities to end coffee …
Sep 10, 2024 · New Starbucks CEO Brian Niccol will focus on improving the chain’s U.S. business in his early days on the job before he moves to fix its issues abroad, according to an open letter published on ...
Starbucks Makes Changes at the Top After Activist Investor …
Aug 13, 2024 · Starbucks shares have fallen more than 20 percent since Narasimhan took the reins, hurt by slowing sales in the U.S. and China. Narasimhan has also been rocked by dueling activist investor...