Is coffee leader Starbucks (SBUX -1.21%) in the midst of a recovery? The market thinks so.
Starbucks (SBUX -1.21%) is working diligently to stop the decline in comparable-store sales.
Starbucks' (SBUX -1.21%) new CEO Brian Niccol has been rapidly implementing changes within the iconic coffee brand, aiming to get "Back to Starbucks." In short, Niccol believes the key to returning to growth is getting back to what set Starbucks apart in the first place.
CNBC's Jim Cramer believes in new Starbucks Corp. (NASDAQ: SBUX) CEO Brian Niccol.
Starbucks' NASDAQ: SBUX outlook is improving, with Brian Niccol at the helm, and new all-time highs will likely be achieved by the end of this year. Now, more than a full quarter into the transition, the signs are clear that he was the right choice.
Starbucks' Q1 earnings showed a positive start under CEO Brian Niccol, despite continued downward trends in key metrics like comparable sales and operating margins. The "Back to Starbucks" strategy is showing early signs of success, evidenced by increased loyalty program membership and reduced discount-driven transactions. Rising coffee prices and challenges in the Chinese market are significant headwinds, necessitating potential partnerships or stake sales to revive business.
Starbucks (SBUX) shares have moved higher Wednesday as some analysts seem to be buying in—albeit cautiously—on new Chief Executive Officer Brian Niccol's “Back to Starbucks” turnaround plan.
Starbucks' comeback effort includes some back-to-basics moves, but also some new twists.
Starbucks chairman and CEO Brian Niccol on managing mobile and in-store orders.
Shares of coffee giant Starbucks (SBUX 7.37%) popped on Wednesday after the company reported financial results for its fiscal first quarter of 2025 -- the first quarter of its hopeful turnaround. Global transactions fell 6% but Starbucks stock was counterintuitively up 7% as of 12:30 p.m.
Shares of Starbucks Corp SBUX were climbing in early trading on Wednesday after the Seattle-based company reported upbeat fiscal first-quarter earnings.
SBUX's first-quarter 2025 results reflect declining global comps amid leverage from net new store openings. Dive in to get a detailed view of the stock's quarterly performance.