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.
Coffee giant Starbucks (SBUX) beat top and bottom line estimates for its fourth quarter — posting adjusted earnings of $0.69 per share and revenue of $9.4 billion — while seeing narrower-than-expected declines in same-store sales. The first full quarter with new CEO Brian Niccol at the helm, BTIG managing director and restaurant analyst Peter Saleh described this as the "very early innings of this turnaround story" for Starbucks.
Starbucks announced it will be cutting its menu offerings by 30%. Transcript: Conway Gittens: Tech stocks are in the red this Wednesday for the second time this week.
Starbucks Corp (NASDAQ:SBUX) is surging today, up 5.3% at $105.70 at last glance, despite same-store sales falling for the fourth consecutive quarter with a 4% drop.