The decision to increase staffing follows pilot tests in a limited number of stores shortly after CEO Brian Niccol joined the company this past fall.
Earnings are dominating the spotlight today, but two names are standing out from the pack.
Earnings are dominating the spotlight today, but two names are standing out from the pack.
SBUX's second-quarter fiscal 2025 bottom line is hurt by expense deleverage and heightened store investments.
Starbucks' turnaround efforts are still in their infancy, but at least they can rely on their customers to give them some free money.
Starbucks will invest more in staffing and less on equipment, including an automation system that it previously touted, CEO Brian Niccol said on Tuesday, breaking with a wider industry trend to rely more on technology for store operations.
While the top- and bottom-line numbers for Starbucks (SBUX) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Starbucks is investing in more hours for baristas in its latest turnaround effort. The chain is also rolling out an algorithm that sequences orders for store employees.
Starbucks (SBUX) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.68 per share a year ago.
Starbucks (SBUX) reported fiscal second-quarter revenue and earnings that missed analysts' expectations, sending shares lower in extended trading Tuesday.
CNBC's Kate Rooney joins 'Closing Bell Overtime' with Starbucks earnings.
Starbucks reported second-quarter earnings after the market closed on Tuesday. Under CEO Brian Niccol, the company is trying to return to growth.