Starbucks Stock News

Dublin, Nov. 05, 2024 (GLOBE NEWSWIRE) -- The "Coffee Beans Market Report and Forecast 2024-2032" report has been added to ResearchAndMarkets.com's offering. According to the report, the global coffee beans market reached approximately USD 35.23 billion in 2023. Aided by the increased consumer interest in premium and specialty coffees, the market is projected to grow at a CAGR of 6.10% between ...

Starbucks CEO Brian Niccol wants to return the company to its coffeehouse roots. Analysts are optimistic, though they say the company will face near-term headwinds.

Starbucks was led astray by former CEO Laxman Narasimhan. New CEO Brian Niccol recently outlined his turnaround plan. It's a back to basics approach that puts more emphasis on coffee, the café experience, and customer service.

Key Points Starbucks has been promoting China as a growth story for years.

Brian Niccol is exactly what Starbucks NASDAQ: SBUX needs, which is why the stock price will move higher soon and sustain an uptrend over time. His experience with Chipotle Mexican Grill NYSE: CMG makes him a perfect match for the company.

Starbucks is facing challenges in its China market, as same-store sales in the country plummeted 14% in the company's fourth quarter. It's running up against a low-cost model led by local upstarts and money-conscious consumers, but it has some advantages.

Starbucks CEO Brian Niccol has laid out a bold turnaround plan for the coffee chain, with plans to tighten up service and redesign stores. But analysts are proceeding with caution.

Starbucks' new Chairman and CEO Brian Niccol wants customers to get their orders hand-delivered by a barista in four minutes or less, a goal that will be central as he tries to reinvigorate the company's sagging sales.“We have to make it easier for our customers to get a cup of coffee,” Niccol said in his first conference call with investors since joining Starbucks in September.Niccol said abou...