Starbucks Corporation (SBUX) reported fourth-quarter fiscal 2024 results, with earnings meeting the Zacks Consensus Estimate but revenues missing the same. Following the results, the company's shares witnessed a marginal gain of 0.6% in the after-hours trading session yesterday. Brian Niccol, chairman and CEO, emphasized the need for a fundamental shift in Starbucks' strategy to reengage customers. He described the company's new approach, "Back to Starbucks," as a core strategy, which is focused on reviving ...

Starbucks cups are pictured on a counter in Manhattan, New York, on Feb. 16, 2022. Starbucks CEO Brian Niccol said the coffee chain plans to buy roughly 200,000 Sharpie markers as part of his plan to take the coffee chain back to its roots. He's betting that more personal touches — including bringing back Sharpies to write customer names or messages on cups — will bring customers back to cafes. For three consecutive quarters, the company has reported declining sales. In Starbucks' latest quarter, reported W ...

In this articleSBUXBrian Niccol, CEO of StarbucksAnjali Sundaram | CNBCStarbucks CEO Brian Niccol shared more details about the company's turnaround strategy during the company's quarterly conference call on Wednesday.For three straight quarters, Starbucks has reported declining sales. But the coffee chain is hoping that some easy tweaks to its U.S. business will pay off and help reverse the trend as it plots a more ambitious and comprehensive game plan.Many of the coming changes are meant to help Starbucks ...

Facing declining customer visits, Starbucks is set to embark on a restorative journey to reclaim its identity and enhance the overall experience. During the company’s fourth-quarter and full-year earnings call Wednesday (Oct. 30), CEO Brian Niccol outlined a plan to refocus the company on its core identity. Dubbed “Back to Starbucks,” the initiative seeks to elevate the customer experience by prioritizing coffee quality and ensuring baristas have the support they need to deliver exceptional service. Niccol ...

Starbucks wants to curb chaotic and complex mobile orders. CEO Brian Niccol announced that "common sense" guardrails will soon be put on app customizations. Niccol aims to overhaul the chain after the company reported a disappointing third quarter. Insider Today N SIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a p ...

Starbucks (SBUX) reported $9.07 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 3.2%. EPS of $0.80 for the same period compares to $1.06 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $9.06 billion, representing a surprise of +0.12%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.80.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

Starbucks Corporation. (NASDAQ:SBUX) Q4 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Tiffany Willis - VP of IR Brian Niccol - Chairman and CEO Rachel Ruggeri - EVP and CFO Conference Call Participants Jeffrey Bernstein - Barclays Sara Senatore - Bank of America Brian Harbour - Morgan Stanley John Ivankoe - JPMorgan David Tarantino - Baird Andrew Charles - TD Cowen David Palmer - Evercore ISI Christine Cho - Goldman Sachs Jon Tower - Citi. Peter Saleh - BTIG Lauren Silberman ...

Starbucks CEO Brian Niccol on Wednesday told investors that he plans to overhaul Starbucks' US locations, adding more comfortable seating, ceramic mugs and a coffee-condiment bar, with customer wait times of less than four minutes. Faced with falling demand for its pricey beverages in the key US and China markets as well as a slide in its share price, Starbucks' investors are counting on the new CEO to steer the company back to growth. The company last week suspended its forecast for its 2025 fiscal year. " ...

Topline Starbucks customers who prefer non-dairy milk will soon start saving a bit of change when ordering from the coffeehouse chain, as Starbucks announced Wednesday it will remove its extra charge for dairy substitutes next week. The change will take effect next week. (Photo by Stephen Chernin/Getty Images) Getty Images Key Facts The change will go into effect Nov. 7 alongside Starbucks' holiday launch, removing extra charges for people customizing their drinks with non-dairy alternatives like soy milk, ...

Starbucks (SBUX) came out with quarterly earnings of $0.80 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.06 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this coffee chain would post earnings of $0.93 per share when it actually produced earnings of $0.93, delivering no surprise.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.Starbucks, which belongs to the Zack ...