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Starbucks earnings disappoint

Yahoo Finance on MSN · 16h

Starbucks stock slides as CEO Brian Niccol calls earnings miss 'disappointing'

Starbucks (SBUX) stock dropped as much as 6.4% in premarket trading on Wednesday as the coffee giant's second quarter earnings report disappointed Wall Street and cast a shadow over its CEO's plan to turn around the company.

Reuters on MSN · 13h

Starbucks earnings disappoint as CEO Niccol's strategy faces US hurdles

By Juveria Tabassum (Reuters) -Starbucks faces challenges in reviving its business, CEO Brian Niccol said on Tuesday, after the coffee giant posted disappointing global comparable sales and profit with inflation and economic uncertainty driving up costs and dampening U.

Barron's on MSN · 15h

Starbucks Misses Earnings Estimates. The Turnaround Plan Has “Momentum,” CEO Says.

The coffee giant reported 41 cents in earnings per share—lower than the 49 cents estimates from analysts polled by FactSet.

Starbucks Says Turnaround Is on Track

Associated Press News on MSN · 12h

Starbucks says turnaround is on track, but quarterly earnings and sales fall short

But those efforts have been costly. Starbucks said its net income dropped 50% to $384 million in its fiscal second quarter. Adjusted earnings fell nearly 40% to 41 cents per share. That was lower than the 49-cent per share profit Wall Street forecast.

Insider on MSN · 15h

Starbucks CEO says it's making progress on turnaround. Sales are still falling

Starbucks missed estimates for second-quarter results, yet CEO Brian Niccol promised more changes to the coffee chain's stores.

Reuters on MSN · 15h

Starbucks misses global sales estimates on weak US demand as turnaround makes progress

(Reuters) -Starbucks CEO Brian Niccol's turnaround efforts showed signs of progress even as the coffee giant missed estimates for quarterly global comparable sales and profit as inflation and economic uncertainty hit demand in the United States.

2don MSN

Starbucks’ new CFO has turnaround chops. Here’s how she plans to help Brian Niccol fix the company

And now, as Starbucks’ new chief financial officer, Smith can help fix that herself with her central role alongside chief ...

19mon MSN

Starbucks remains a solid restaurant brand globally, says BofA's Sara Senatore

Sara Senatore, Bank of America Securities senior restaurants analyst, joins 'Squawk Box' to break down Starbucks' quarterly ...

13hon MSN

Starbucks is staffing up its stores with baristas and ditching machines in the latest stage of its turnaround

Starbucks is investing in more baristas and hours for them in the latest chapter of its turnaround, CEO Brian Niccol said.

16hon MSN

Starbucks stock plummets as CEO Brian Niccol calls earnings miss 'disappointing'

Starbucks (SBUX) stock dropped as much as 6.7% Tuesday in after-hours trading as the coffee giant's second quarter earnings ...

21hon MSN

Starbucks says it's getting faster

Starbucks (SBUX) noted that three-quarters of orders at the test cafes’ busiest times were completed in four minutes or less, ...

12hon MSN

Starbucks is embracing Euro vibes and exploring an aperitivo menu

Starbucks announced Tuesday that it is exploring an aperitivo menu featuring "sparkling beverages, sippable coffee drinks, ...

Stocktwits on MSN2d

Starbucks Union Snubs 2% Pay Hike Ahead Of Q1 Earnings — Retail Stays Upbeat

Representatives of a union of Starbucks baristas have rejected the coffee chain's latest proposal that guarantees annual ...

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