Massive Challenges Starbucks' New CEO Must Overcome Immediately

Starbucks' sales are falling, and the company doesn't have a clear turnaround plan.Starbucks (SBUX 0.86%) announced on Tuesday that fiscal fourth-quarter 2024 results would be down sharply as same-store sales fell around the world. The company is in the midst of a turnaround plan, but is there any light at the end of the tunnel for the company? Travis Hoium covers the challenge ahead in this video.*Stock prices used were end-of-day prices of Oct. 22, 2024. The video was published on Oct. 23, 2024. ...