Starbucks same-store sales fall again
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Around 80 to 90 pickup-only locations in the US, many of which are located in office buildings and offer no seating, will be phased out.
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Stocktwits on MSNStarbucks Q3 Print Largely Disappoints Even As CEO Pitches 'A Wave Of Innovation In 2026' — Retail Isn’t Convinced YetStarbucks' (SBUX) quarterly report on Tuesday largely disappointed, deepening concerns around its turnaround efforts, even as CEO Brian Niccol used the better part of the post-earnings call to detail future plans,
Starbucks said Tuesday it’s confident that improved store operations and new products — including a cold foam protein drink — will soon help turn around the company’s lagging U.S. sales.
The chain is looking for a local partner to help run its stores in China as it looks to open "thousands" more outlets there in the future.
The C.E.O., Brian Niccol, said the coffee chain’s turnaround is in progress, and sales in China increased for first time in more than a year.
Despite mixed financial results, CEO Brian Niccol is confident the coffee chain is on the right path to become a "better Starbucks."
The coffee giant aims to stand out on guest experience in a cutthroat consumer environment as it tries to boost lackluster sales.
The 4,624-square-foot office was disclosed as part of Starbucks CEO Brian Niccol's compensation package before he started the role last fall.
All eyes will be on Starbucks CEO Brian Niccol after the close Tuesday as he delivers earnings, about one year after leaving Chipotle Mexican Grill for the top job at the coffeehouse chain.