Starbucks reports better-than-expected quarterly sales as turnaround efforts begin
Starbucks has reported better-than-expected sales in its fiscal first quarter as some of its turnaround efforts start to take hold.
Starbucks Earnings and Store Sales Fall, but CEO Upbeat on Turnaround
Quarterly profit and same-store sales declined, but CEO Brian Niccol cited a “positive response” to the chain’s efforts to woo back customers.
Starbucks Earnings Top Expectations as New CEO’s 'Back to Starbucks' Plan Unfolds
Key Takeaways Starbucks reported fiscal first-quarter results that topped analysts’ expectations, despite sales and profit declines year-over-year.The better-than-expected results came as new CEO Brian Niccol said the company made progress toward its "Back to Starbucks" strategy.
Starbucks sees improved quarterly sales as turnaround efforts begin
Chairman and CEO Brian Niccol, who joined the company in September, said customer-focused changes - such as a decision to stop charging extra for non-dairy milk and a streamlining of the menu - were helping to improve service and drive store traffic.
Starbucks beats low earnings expectations for its first quarter under new CEO
As part of CEO Brian Niccol's Back to Starbucks plan, the company is making changes to get loyal customers back in the door.
Starbucks gains after showing signs that a turnaround is percolating
Starbucks Corporation (NASDAQ:SBUX) gained in postmarket trading on Tuesday after reporting financial results for FQ1. The Seattle-based company it was encouraged by results, which demonstrated the effectiveness of its Back to Starbucks strategy,
Is Starbucks cutting its menu? Coffee chain announces offerings will be 'optimized'
In a Tuesday earnings call, Starbucks chairman and CEO Brian Niccol said the company would be cutting its menu by 30% in the coming months.
Starbucks CEO Brian Niccol awarded $96 million pay package after 4 months on the job
He’s not making the company profit, I am. Me and my coworkers are. Baristas nationwide are producing the goods that people ...
Starbucks announces new Ballard, Rainier Valley locations set to open in 2025
The Ballard store will be located at 999 Leary Way and is expected to open on May 29. That location will also include ...
Starbucks to open 2 new coffee shops in Seattle
The openings come after the coffee chain has closed a number of Seattle locations in recent years. Here's where they're ...
How Starbucks CEO was awarded nearly $100 million in four months
SEATTLE — Despite officially starting his tenure at Starbucks in September, the company's new CEO was awarded nearly $100 ...
Starbucks plans to make major menu changes
Starbucks is planning on making major cuts to its menu offerings by the end of the year. Starbucks CEO Brian Niccol spoke during the company’s first quarter fiscal year 2025 earnings call, and said ...
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Got milk? At Starbucks the answer is yes, and it’s back on the condiment bar
Free refills and milk are back at the stores, with certain exceptions, all a part of the Seattle-based company’s January ...
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Ex-Starbucks Exec Bill Moore—Creator of the Frappuccino—Is Parting With a Lakefront Home Across From Seattle
Amenities include a two-bedroom guesthouse, a wine cellar, a new private dock with boat lifts, a gym, a fire pit, and ...
Starbucks staff to get 'panic button' for certain types of customers
Starbucks will be trialling new methods to get rid of certain customers that frequently visit the coffee chain. It's gone as ...
Earnings Preview: What To Expect From Starbucks
Starbucks is scheduled to report earnings after Tuesday's close. Here's a closer look at what the Street expects from SBUX.
Starbucks hires former Taco Bell execs for C-suite roles
Starbucks Corp. (Nasdaq: SBUX) CEO Brian Niccol is once again shaking up the coffee giant's C-suite, and he's bringing more ...