Starbucks Earnings and Store Sales Fall, but CEO Upbeat on Turnaround
Quarterly profit and same-store sales decline, but CEO Brian Niccol cites “positive response” to chain’s efforts to woo back customers.
Starbucks Turnaround Bid Shows Progress as Sales Slump Eases
Starbucks Corp. reported better-than-expected quarterly results, luring back lapsed customers with coffee-focused ads and by removing extra charges for nondairy milk.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave.
Starbucks Posts Smaller Comparable Sales Decline Than Expected as Turnaround Takes Root
Niccol, credited with reviving burrito chain Chipotle Mexican Grill, has looked to return Starbucks to its coffee house roots in the U.S. by rolling out a simpler menu, ceramic cups, refills and condiment bars. He also addressed a key concern of diners by reducing wait times at the cafes to under four minutes.
Starbucks Q1 earnings preview: Comparable sales in focus amid turnaround plans
Starbucks (SBUX) is set to report first-quarter results with investors focusing on comparable sales amid new CEO's turnaround strategy.
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 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 Stock Pops as Turnaround Efforts Lead to Earnings Beat: What to Know
Starbucks stock is higher Wednesday after the coffee chain beat expectations for its fiscal first quarter as its "Back to Starbucks" efforts take shape.
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 beats earnings expectations, but sales still slipped
Starbucks (SBUX) reported a decline in same-store sales for the fourth straight quarter. However, the company’s earnings and revenue beat Wall Street’s expectations. Shares of Starbucks popped by more than 4% in after hours trading.
Starbucks sales set to drop again as investors wait for turnaround
Brian Niccol, who is four months into his new role, has set forth a raft of measures to improve the coffee chain's business.
Starbucks' sales turnaround plan seems to be working
Starbucks reported first-quarter results that were better than expectations, though sales at the coffee chain still fell.
Here's Why Starbucks Stock Popped Today After Reporting a Significant Drop in Sales
Shares of coffee giant Starbucks (NASDAQ: SBUX) popped on Wednesday after the company reported financial results for its ...
Starbucks is cutting 30 percent of its menu, CEO says menu has become 'overly complex'
Starbucks is set to eliminate a significant number of drinks and food options in the coming months as part of the company's plan to simplify its offerings, reduce wait times and improve its customer ...
Starbucks’ same-store sales extend fall amid fewer customers at cafés
Starbucks also imposed a new code of conduct at stores, requiring visitors to purchase something if they want to sit at a table or use the restroom. The code reversed a policy enacted in 2018 that ...
Starbucks Reports Weak Earnings as It Tries to Woo Back Customers
That showed in the company’s results. While improving, revenues and same-store sales were still lackluster, as Starbucks ...
Starbucks’ Mideast Franchise Says Stake Sale Talks on Hold
Alshaya Group has put talks to sell a stake in its Starbucks Corp. franchise in the Middle East, North Africa and central ...
Restaurants are rebounding — but Starbucks and McDonald's still have work to do
Starbucks and McDonald's could disappoint investors, but investors are expecting better performance from the restaurant ...