Starbucks Reports a Slide in Sales and Traffic
Starbucks has been under pressure for awhile. Following two quarters of consecutive declines in sales and a stock price that dropped nearly 30 percent in six months, the board of directors decided this summer to abruptly replace its then-chief executive, Laxman Narasimhan.
New Starbucks boss to shake up menu as sales slide
The new boss of Starbucks says he will overhaul the global coffee chain's menu as the company continues to see its sales slide. Brian Niccol also announced that he was suspending the firm's financial forecasts for the coming year due to the "current state of the business".
Starbucks' new CEO Brian Niccol has his work cut out for him.Tasked with reassuring investors that the company's coffee shops ...
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Coffee pours from a coffee machine into a cardboard coffee cup inside a Starbucks Corp. coffee shop in London, U.K., on ...
In India's largest-ever IPO, shares of Hyundai Motor India dropped as much as 6% in their market debut.
Financial results revealed like for like store sales dropped by 7% in the fourth quarter to September compared with 2023.
Starbucks Corp said on Tuesday it was suspending its annual forecast as new CEO Brian Niccol develops a plan to turn around ...
Narasimhan’s replacement was immediately cheered by some of Starbucks’ biggest investors, and Wall Street responded with ...
It’s been a disappointing start to Pumpkin Spice Latte season for Starbucks. The Seattle coffee giant on Tuesday reported ...
Starbucks reported fourth-quarter revenue of $9.1 billion, down 3% year-over-year and below the analyst consensus from ...
Starbucks pre-released earnings on Tuesday, showing sales dropped. New CEO Brian Niccol said he plans to outline a broad ...
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