Brian Harbor, Equity Analyst at Morgan Stanley, maintains an optimistic price target for Starbucks, despite expecting US and China same-store sales to decline. He believes the turnaround will gain momentum in the coming quarters, with improvements in traffic growth, corporate cost structure, and earnings.
Starbucks said on Tuesday its North American president Sara Trilling would be stepping down after nearly three years at the role.
Starbucks Corporation SBUX will release its first-quarter financial results, after the closing bell, on Tuesday, Jan. 28, 2025.
Starbucks is expected to report its quarterly earnings, kicking off several weeks of reports from publicly traded restaurant companies. Investors are anticipating improving demand for restaurants as industry data and several preliminary reports suggest that the year ended on a high note.
Under its new CEO, Starbucks is spending heavily to make itself a more welcoming coffeehouse with faster service.
Starbucks (SBUX) is making sweeping changes this week that longtime customers of the coffee chain should find familiar.
Ahead of Starbucks' first-quarter earnings call on Tuesday (Jan. 28), company officials are taking steps to address declining sales and traffic with a series of policy changes. Starting Monday (Jan. 27), Starbucks reinstated condiment bars and return to barista-written names on cups, aiming to recapture the classic coffeehouse experience and improve service efficiency.
Starbucks Corp SBUX is brewing up big changes ahead of its first-quarter earnings.
The days of hanging out at Starbucks without purchasing anything are apparently over. Beginning Monday (Jan. 27), the coffee chain is rolling out new policies that define customers as people who buy beverages or food.
Starbucks (SBUX) is expected to report fiscal first-quarter results after the market closes Tuesday, with analysts calling for revenue and earnings to fall year-over-year.
Starbucks (NASDAQ: SBUX) CEO Brian Niccol has only been with the company since September 9 of last year.
The latest trading day saw Starbucks (SBUX) settling at $98.81, representing a +0.84% change from its previous close.