Starbucks Fails At Reversing Declining Sales
On Wednesday, Starbucks (NASDAQ: SBUX) released preliminary fourth quarter results that fell short of estimates as weak U.S. demand resulted in declines in same store sales, net revenue and profit. Upon the release that showed same-store sales continued to decline for the third consecutive quarter,
Starbucks just pre-released its sales figures, and they show its new CEO has an uphill struggle ahead
Starbucks pre-released earnings on Tuesday, showing sales dropped. New CEO Brian Niccol said he plans to outline a broad turnaround agenda next week.
Starbucks shares sink on disappointing preliminary results, says promos aren’t working
Starbucks Corp. on Tuesday reported preliminary fourth-quarter results, and investors were not pleased. The coffee chain said that same-store sales fell 7% year over year, with revenue down 3% to $9.1 billion and adjusted earnings per share of 80 cents — all worse than what Wall Street analysts expected.
Starbucks shares drop as preliminary Q4 results show declining sales in US, China
Starbucks posted preliminary Q4 results that shocked the Street on Tuesday afternoon. The company reported quarterly revenue that fell 3% year over year to $9.1 billion, while ear
Starbucks sales plunge amid "pronounced traffic decline"
Starbucks sales plunged in its most recent quarter, increasing the urgency for new CEO Brian Niccol to pull off a turnaround. Why it matters: The company has been struggling to reverse a decline in foot traffic as it grapples with sluggish service and pressure from activist investors.
Starbucks’ latest financials sink shares, as CEO says it’s ‘harder to be a customer than it should be’
Shares of Starbucks fell on Tuesday after the coffee chain offered fresh signs of its struggle to bring back consumers, saying its turnaround efforts “will take time” as its new chief executive settles in.
Starbucks earnings drop yet again, amid declining sales
Coffee giant Starbucks reported yet another earnings drop amid declining sales. Starbucks stock fell after the company announced significant business changes are ahead.
Starbucks makes major announcement amid falling sales
Starbucks releases its preliminary results, and things aren't looking up. On Tuesday, nearly two months after Niccol began ...
Starbucks shares fall after warning inflation-battered customers are cutting back
The java chain reported sales that fell for the third quarter in a row and suspended its guidance for the full fiscal year ...
A key to the new Starbucks CEO's turnaround plan may be baristas
Starbucks CEO Brian Niccol said Tuesday that he wants to make changes for the company's baristas by addressing staffing and ...
Brewing a Caffeinated Comeback: How Bold Are Starbucks' Turnaround Bets?
Can Starbucks clean up its tarnished coffee crown? You will soon have a better view of the company's turnaround plans.
Starbucks Reports a Slide in Sales and Traffic
Starbucks has been under pressure for awhile. Following two quarters of consecutive declines in sales and a stock price that ...
Starbucks US sales down as traffic nosedives
CEO Brian Niccol said the chain will address issues with its complex menu, pricing architecture and mobile order and payments ...
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Horrible Customer Service Batters Starbucks
Starbucks posted a horrible quarter and suspended its forecasts. Customer dissatisfaction resulted in a sharp decline in same ...
Starbucks baristas and customers have one message to new CEO: change!
Oct 22 (Reuters) - Starbucks' new CEO Brian Niccol has his work cut out for him. Tasked with reassuring investors that the ...
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Starbucks resetting its strategy
As part of the communication strategy, Niccol said Starbucks must reintroduce itself. “We’re fundamentally changing our ...
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Amid ongoing sales slide, Starbucks faces a ‘moment of truth’
Traffic fell 10% during the fourth quarter, according to preliminary earnings released Tuesday by the coffee shop giant.
Starbucks suspends forecasts, shares tumble as chain warns turnaround ‘will take time’
Starbucks said Tuesday it was suspending its annual forecasts as new CEO Brian Niccol looks to turn around the coffee giant ...