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Starbucks suspends annual forecast
Starbucks' sliding sales show its new CEO has his work cut out for him
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 pulls annual forecasts amid turnaround under new CEO
Starbucks Corp has suspended its annual forecasts as new CEO Brian Niccol looks to turn around the coffee giant struggling to stem waning customer demand, sending its shares down about 4% in after-hours trading on Tuesday.
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 struggling to stem easing customer demand. Shares of the company were down about 6% in after-hours trading as the coffee chain also expects to report a decline in quarterly sales and profit.
Starbucks shares slide
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 dropped nearly 30 percent in six months, the board of directors decided this summer to abruptly replace its then-chief executive, Laxman Narasimhan.
Starbucks Preliminary Results Show Declining Sales
US coffee giant Starbucks on Tuesday released preliminary results showing that sales are continuing to fall, as the new CEO vowed a strategic overhaul to turn the company around.
Starbucks shares slide after preliminary results show sales fell again
Starbucks on Tuesday posted preliminary quarterly results, which showed its sales fell again. The company’s preliminary net sales fell 3% to $9.1 billion. It reported preliminary adjusted earnings per share of 80 cents.
Starbucks is introducing 'Wicked' drinks to celebrate movie
Starbucks is introducing 'Wicked' drinks to celebrate the movie
With Universal Pictures’ “Wicked” coming to theaters Nov. 22, Starbucks is partnering with the entertainment company to celebrate the new film with drinks and merchandise inspired by the movie. Starting Tuesday, limited menu drinks made in honor of Oz’s iconic duo, Glinda and Elphaba, will hit Starbucks stores nationwide.
Starbucks channels its inner green girl with ‘Wicked'-themed drinks
The coffee chain announced that beginning Oct. 22, people in the can purchase two new drinks in partnership with the upcoming movie “Wicked.”
"Wicked" fever is here with Starbucks drinks and movie merch
Limited-time collaborations for "Wicked" are sweeping the nation everywhere from grocery stores, Starbucks and beyond.
1h
on MSN
Starbucks reports weak quarterly results despite the arrival of Pumpkin Spice Latte season
It’s been a disappointing start to Pumpkin Spice Latte season for Starbucks. The Seattle coffee giant on Tuesday reported ...
2h
Starbucks Suspends 2025 Guidance After Another Sales Slump
Starbucks Corp. pulled guidance for 2025 after sales plunged for a third consecutive quarter, calling attention to the scope ...
1h
Starbucks Suspends Its Guidance After Sales Plunge
Good morning. Starbucks sales slumped again, sending its share price lower. China’s electric vehicle exports to Europe soar ...
1h
Starbucks Suspends Guidance as Sales Slump Persists
The coffee chain needs to “fundamentally change” strategy, the new CEO, Brian Niccol, said. Shares fell in after-hours ...
1d
Starbucks’ New CEO Only Needed 6 Words to Explain the Company’s Biggest Problem
In an open letter to employees last month, Starbucks’ new CEO, Brian Niccol talked about what he thinks the biggest problems ...
7h
What's on the holiday menu at Starbucks, Dunkin'? And when can you order them?
Holiday Cold Foams available this year include Peppermint Chocolate Cream, Sugar Cookie Cream, Chestnut Praline Cream, ...
1h
on MSN
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 ...
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Brian Niccol
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