In the latest trading session, Starbucks (SBUX) closed at $111.69, marking a -0.33% move from the previous day.
People spend less on certain items when under economic stress. Presently, with inflation remaining stubbornly high, particularly for food items like eggs, consumers have been stretched.
As Starbucks tries to revive its faltering business in China, analysts say strategic partnerships and returning to its roots as a place where customers come for a coffee "experience" offer the best bet to beat intense competition and deflationary woes.
Starbucks in the middle of a turnaround plan under Chief Executive Brian Niccol.
Starbucks Corp has poached Nordstrom chief financial officer Cathy Smith as the coffee shop chain continues to embark on turnaround efforts. Smith replaces longtime veteran Rachel Ruggeri, who had been at Starbucks for over 20 years and became chief financial officer in 2021.
Nordstrom CFO Cathy Smith will join Starbucks, replacing its current chief financial officer Rachel Ruggeri. Starbucks CEO Brian Niccol has shaken up the leadership team since joining the coffee chain in September.
[00:00:04] Doug McIntyre: So Meta, owner of owner, of Facebook, among other things founded by Zuckerberg in his room in Harvard, I think, in 2004 is now the second richest man in the world.
Mixue Group, China's largest bubble-tea chain, surged in its Hong Kong trading debut after individual investors flocked to the company's blockbuster initial public offering. Founder Zhang Hongchao and his younger brother Zhang Hongfu have seen their combined fortune rise to $8.1 billion — more than what ex-Starbucks CEO Howard D.
Starbucks has been going through a rough patch. Comparable-store sales growth -- an important metric for restaurants that measures revenue growth from existing locations -- has been negative for four straight quarters.
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On January 28, 2025, Starbucks (SBUX 0.53%) held its first-quarter fiscal year 2025 earnings conference call. The call marked an important checkpoint in new CEO Brian Niccol's "Back to Starbucks" turnaround strategy, focusing on restoring the company's core identity as a premium coffeehouse experience.
Starbucks (SBUX) reported earnings 30 days ago. What's next for the stock?