Starbucks (SBUX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Starbucks (SBUX) reported declining global sales in its fiscal fourth quarter earnings results published last week with new CEO Brian Niccol leading the earnings calls since his migration from Chipotle (CMG) chief executive. But Niccol is dead set on leading the coffee chain into its next chapter.
The Investment Committee give you their top stocks to watch for the second half.
Starbucks CEO Brian Niccol wants to return the company to its coffeehouse roots. Analysts are optimistic, though they say the company will face near-term headwinds.
Starbucks was led astray by former CEO Laxman Narasimhan. New CEO Brian Niccol recently outlined his turnaround plan. It's a back to basics approach that puts more emphasis on coffee, the café experience, and customer service.
Key Points Starbucks has been promoting China as a growth story for years.
Brian Niccol is exactly what Starbucks NASDAQ: SBUX needs, which is why the stock price will move higher soon and sustain an uptrend over time. His experience with Chipotle Mexican Grill NYSE: CMG makes him a perfect match for the company.
Starbucks is facing challenges in its China market, as same-store sales in the country plummeted 14% in the company's fourth quarter. It's running up against a low-cost model led by local upstarts and money-conscious consumers, but it has some advantages.
Starbucks CEO Brian Niccol has laid out a bold turnaround plan for the coffee chain, with plans to tighten up service and redesign stores. But analysts are proceeding with caution.
Starbucks Corporation SBUX shares are trading marginally higher on Thursday.
Starbucks' new Chairman and CEO Brian Niccol wants customers to get their orders hand-delivered by a barista in four minutes or less, a goal that will be central as he tries to reinvigorate the company's sagging sales.“We have to make it easier for our customers to get a cup of coffee,” Niccol said in his first conference call with investors since joining Starbucks in September.Niccol said about half of the company's transactions are now completed in four minutes or less.
Starbucks CEO Brian Niccol joins CNBC's Andrew Ross Sorkin to discuss the appeal of coffee, putting guardrails around drink customization, the company's menu plan, how the challenges at Starbucks compare to what he faced at Chipotle, the brand's future in China, 2024 election, and more.