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Starbucks suspends forecasts, shares tumble
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 trading.
Starbucks shares slide after coffee chain says sales fell again, suspends outlook
The company's same-store sales slid for the third consecutive quarter, fueled by a 10% tumble in traffic to its North American stores.
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 is introducing 'Wicked' drinks to celebrate movie
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.”
Starbucks is introducing 'Wicked' drinks to celebrate the movie
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,
Starbucks begins selling ‘Wicked’ beverages and gift cards
Starbucks is partnering with Universal Pictures on a promotion built around “Wicked,” an origins story about the Wicked Witch of the West in “The Wizard of Oz.” The coffee chain is serving two cold beverages inspired by the main characters in the movie: Elphaba,
8h
on MSN
Starbucks reports weak quarterly results despite the arrival of Pumpkin Spice Latte season
The Seattle coffee giant on Tuesday reported weaker-than-expected sales in its fiscal fourth quarter, which ended Sept. 29.
9h
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 ...
Restaurant Business
12h
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.
9h
Starbucks to streamline ‘overly complex’ menu, fix prices as sales dip
The company reported preliminary results for its fourth quarter on Tuesday, showing a year-over-year drop in revenue for the ...
12h
Starbucks hires former Chipotle exec amid plan to turn company around
Starbucks CEO Brian Niccol has hired a familiar face to lead the company's global branding efforts. Niccol, the former head ...
Starbucks
13h
Starbucks Reports Preliminary Q4 and Full Fiscal Year 2024 Results
Our fourth quarter performance makes it clear that we need to fundamentally change our strategy so we can get back to growth ...
53m
Stocks to Watch Wednesday: McDonald's, Enphase Energy, Starbucks, Spirit Airlines
The coffee chain's new chief executive called for a big overhaul after disclosing steep quarterly setbacks in the bigge ...
1h
on MSN
Starbucks in huge shake-up after biggest fall in sales since the pandemic
Starbucks in huge shake-up after biggest fall in sales since the pandemic - Financial results revealed like for like store ...
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Brian Niccol
Tressie Lieberman
Wicked
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