Starbucks Seeks Revival as New CEO Reports First Full Quarter Earnings

Reported 2 days ago

Starbucks is poised to release its first fiscal quarter earnings under CEO Brian Niccol, who took charge in September. Analysts predict revenue of $9.32 billion but project declines in same-store sales and foot traffic of 5.30% and 7.28%, respectively. Despite rising coffee costs, analysts anticipate limited impact on margins as Niccol's plans aim to enhance customer experience by eliminating extra non-dairy milk charges and reintroducing ceramic mugs. Upcoming changes also include layoffs to streamline operations.

Source: YAHOO

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