Starbucks pre-released its fourth-quarter and annual earnings on Tuesday.The surprise release showed sales dropped in its key markets of the US and China.CEO Brian Niccol said he's planning a broader turnaround of the coffee chain. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go ...

Starbucks said Tuesday it was suspending its annual forecasts as new CEO Brian Niccol looks to turn around the coffee giant struggling to stem easing customer demand.Shares of the company were down about 6% in after-hours trading as the coffee chain also expects to report a decline in quarterly sales and profit.Niccol took over from Laxman Narasimhan on Sept. 9 at a time when the coffee chain struggled with tackling weakness in two top markets, the US and China.CEO Brian Niccol, who took over last month, is ...

Starbucks cups are pictured on a counter in Manhattan, New York, on Feb. 16, 2022.Starbucks on Tuesday posted preliminary quarterly results, which showed its sales fell again.The company's preliminary net sales fell 3% to $9.1 billion. It reported preliminary adjusted earnings per share of 80 cents.Analysts surveyed by LSEG were expecting the company to report fiscal-fourth quarter earnings per share of $1.03 and revenue of $9.38 billion.Starbucks' same-store sales fell for its third consecutive quarter. Wo ...

NEW YORK, Oct. 21, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Starbucks Corporation (NASDAQ: SBUX) between November 2, 2023 and April 30, 2024, both dates inclusive (the "Class Period"), of the important October 28, 2024 lead plaintiff deadline.So what: If you purchased Starbucks securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.What t ...

NEW YORK, Oct. 20, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Starbucks Corporation (NASDAQ: SBUX) between November 2, 2023 and April 30, 2024, both dates inclusive (the “Class Period”), of the important October 28, 2024 lead plaintiff deadline. SO WHAT: If you purchased Starbucks securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrange ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Starbucks To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $100,000 in Starbucks between November 2, 2023 and April 30, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, Oct. 19, 2024 /PRNew ...

The company is already making some important moves to get back on track.Starbucks (SBUX 1.65%) shareholders have had some nail-biting moments over the past few years as the company went through several CEOs and tried to adapt to changing trends. They breathed a sigh of relief with the surprise announcement that the company had snagged Brian Niccol from Chipotle Mexican Grill, and now they can breathe even easier after some new updates.If you aren't a shareholder yet, now would be a great time to make the ju ...

Starbucks has tapped Chipotle alum Tressie Lieberman as its global chief brand officer, a newly created position and the latest executive change under Brian Niccol after he left Chipotle and took over as CEO of the coffee chain last month. In Niccol's first week on the job at Starbucks, he outlined his plan for turning around the chain's slumping sales in the U.S. For the last three quarters, Starbucks has reported same-store sales declines for its home market as its occasional customers buy fewer macchiato ...

NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Starbucks Corporation (NASDAQ: SBUX) between November 2, 2023 and April 30, 2024, both dates inclusive (the “Class Period”), of the important October 28, 2024 lead plaintiff deadline. SO WHAT: If you purchased Starbucks securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrange ...

Starbucks CEO Brian Niccol is pumping breaks on discounts as it tries to turn around the struggling coffee giant. The company has reduced discounts it offers during the past year since Niccol, tapped to become CEO in August, replacing Laxman Narasimhan, took over, executives told the Wall Street Journal.Niccol, formerly the Chipotle CEO, was chosen to replace Narasimhan after a slumping stock price and sales drop prompted pressure from activist investors and former CEO Howard Schultz, who posted on social m ...