Redburn Atlantic's Edward Lewis downgrades coffee-shop giant after new Chief Executive Brian Niccol unveils his “Back to Starbucks” plan.
Starbucks' ex-CEO, Howard Schultz, told Fortune he trusts successor Brian Niccol to revitalize the company. Niccol plans a back-to-basics strategy as the coffee chain faces low sales.
“It's about time they stopped charging for all the different milks,” said one restaurant-industry consultant.
Starbucks is coming off a terrible year and has a long way to go to regain favor on Wall Street.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Starbucks' mobile app appeared to be down during the morning coffee rush on Thursday. Some users got a message saying, "mobile ordering is currently unavailable.
Weak China sales continue to be a thorn in Starbucks' side, though a new CEO looks to breathe life back into the company.
Starbucks chairman and CEO Brian Niccol met with Yahoo Finance's Brian Sozzi and Brooke DiPalma to discuss the company's turnaround strategy. Niccol emphasized the importance of delivering product to customers with speed and the personal touch.
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.