Starbucks CEO Brian Niccol joins CNBC's Andrew Ross Sorkin to discuss the appeal of coffee, putting guardrails around drink customization, the company's menu plan, how the challenges at Starbucks compare to what he faced at Chipotle, the brand's future in China, 2024 election, and...
specifically our reinvention plan and it's unfolding into tangible financial results. As a reminder, when we set guidance at the beginning of the year, we said that the benefits from our reinvention plan would amplify at the back half of this fiscal year, and that is exactly what we're...
GAAP results in the first quarter fiscal year 2024 and the comparative period include several items related to strategic actions, including restructuring and impairment charges, transaction and integration costs, and other items. These items are excluded from our non-GAAP results. All numbers reference...
Before joining Google, Neal was Senior Vice President of Strategy and Product Development at DoubleClick where he built the company’s strategic plan, rapidly grew the business, and spearheaded its sale and integration into Google. YouTube is used by over two billion people across the g...
Company says it is in ‘early stages’ of ‘exploring strategic partnerships’ to stay competitive in China By Bill Peters Last Updated: July 30, 2024 at 8:21 p.m. ETFirst Published: July 30, 2024 at 4:35 p.m. ET 2 Listen (5 min) Starbucks’ stock is down s...
“Starbucks is a growth company, and our accelerated expansion is a direct reflection of the expected returns from our Reinvention plan,” said Ruggeri. “By making strategic and highly targeted investments to drive value for partners, Starbucks will also drive value for customers and shareholders,...
Starbucks signage in Warsaw, Poland, on July 31, 2024.(Aleksander Kalka/NurPhoto via / Getty Images) To do so, he is deviating from the company's prior strategy, and narrowing his focus on four "key areas" that he said will "have the biggest impact" on the business. ...
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“We need to fundamentally change our strategy so we can get back to growth, and that's exactly what we are doing with our 'Back to Starbucks' plan,” Brian Niccol, who became chairman and chief executive on Sept. 9, said on the call. ...
Boatwright and the rest of the "leadership team will continue to execute the company's strategic plan without interruption," Chipotle said.