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Articles for Narasimhan, search results for sales

Iger should let someone else play Disney’s knight in shining armour
1 month ago

Iger should let someone else play Disney’s knight in shining armour

Live Mint  

Walt Disney Company is putting the finishing touches on a multi-year storyline that has cast Bob Iger as the company’s knight in shining armour. Disney’s closely watched streaming business swung to a $321 million profit from a nearly $400 million loss a year ago, and the film unit had what Iger said was one of the best quarters in its …

Starbucks Ceo Iger Schultz Narasimhan Company Disney Shining Armour
Starbucks ousts CEO as market growth slumps
4 months, 1 week ago

Starbucks ousts CEO as market growth slumps

China Daily  

Starbucks, which has struggled this year in its two largest coffee markets — the US and China — on Tuesday ousted its CEO, responding to pressure from an activist investor and its longtime former boss. The Seattle-based company, the world's largest coffee chain, named Brian Niccol, the CEO at Chipotle Mexican Grill since 2018, as its new chairman and CEO, …

China Market Coffee Sales Company Elliott Stores
Starbucks replaces its CEO, names Chipotle chief to head the company
4 months, 1 week ago

Starbucks replaces its CEO, names Chipotle chief to head the company

LA Times  

Starbucks has seen weakened sales and other issues including competition from lower-cost companies in China. The Seattle coffee giant said Brian Niccol, the chairman and CEO of Chipotle, will become Starbucks’ chairman and CEO on Sept. 9. Narasimhan, a longtime PepsiCo executive who has also served as the CEO of Reckitt, a U.K.-based consumer health company, became Starbucks’ CEO in …

Starbucks Ceo Chipotle Narasimhan
Starbucks quarterly revenue falls on weak traffic in US and China
4 months, 3 weeks ago

Starbucks quarterly revenue falls on weak traffic in US and China

Associated Press  

Starbucks’ revenue fell 1% in the April-June period as customer traffic weakened in the U.S. and China. “We are focused on what we can control in a consumer environment that can best be described as ‘complex,’” Starbucks CEO Laxman Narasimhan said during a conference call with investors. Starbucks’ comments mirrored those at McDonald’s, which said earlier this week that its …

China Sales Company Starbucks Narasimhan
Howard Schultz is backseat driving Starbucks. That’s a problem for his successor
7 months, 2 weeks ago

Howard Schultz is backseat driving Starbucks. That’s a problem for his successor

Live Mint  

Howard Schultz, the legendary entrepreneur who turned a local coffee chain into a global icon, was meeting with the man who would succeed him as Starbucks chief executive in a month’s time. The same principle, he told his handpicked successor Laxman Narasimhan, could be applied to Starbucks’s systems, which Schultz had spent nearly a year analyzing in search of ways …

China Coffee Italian Work Executives Company Seattle
Former Starbucks CEO Schultz says company needs to refocus on coffee as sales struggle
7 months, 2 weeks ago

Former Starbucks CEO Schultz says company needs to refocus on coffee as sales struggle

Associated Press  

Former Starbucks CEO Howard Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales. In a LinkedIn post published over the weekend, Schultz said many people had reached out to him after Starbucks reported weaker-than-expected quarterly sales and earnings last week. In his post, Schultz said …

Coffee Company Howard Stores Starbucks Ceo Schultz
Starbucks reports record Q1 revenue but lowers outlook as consumer spending falls in some markets
10 months, 3 weeks ago

Starbucks reports record Q1 revenue but lowers outlook as consumer spending falls in some markets

Associated Press  

Starbucks reported record revenue in its fiscal first quarter but lowered its sales outlook for the rest of the year as spending weakens in China and other markets. Starbucks also saw record U.S. spending per order as visitors bought more food and spent more to customize their drinks. Narasimhan on Tuesday reiterated that Starbucks wants to restart negotiations with Workers …

China Workers Union Quarter Stores Starbucks Narasimhan
Pumpkin spice helps Starbucks posts record sales, but growth may moderate in coming year
1 year, 1 month ago

Pumpkin spice helps Starbucks posts record sales, but growth may moderate in coming year

Associated Press  

Customers fell for Starbucks’ fall menu in the fiscal fourth quarter, with Pumpkin Spice Lattes and apple croissants helping the company achieve record revenue. Starbucks said its global same-store sales — or sales at stores open at least a year — rose 8%, surpassing analyst forecasts for a 6.8% increase. In the upcoming fiscal year, Starbucks said it expects same-store …

Growth China Sales Billion Rose Stores Coming
Starbucks reports record revenue as China booms, but sales still fall short of expectations
1 year, 4 months ago

Starbucks reports record revenue as China booms, but sales still fall short of expectations

Associated Press  

Starbucks reported record revenue in its fiscal third quarter as its China business roared back to life. While its earnings surpassed Wall Street’s forecast, its revenue and same-store sales were lower than expected as North American store traffic slowed. Same-store sales — or sales at stores open at least a year — jumped 46% in China, reversing last year’s declines …

China Sales Company Revenue Starbucks Narasimhan
Starbucks to revamp stores to speed service, boost morale
2 years, 3 months ago

Starbucks to revamp stores to speed service, boost morale

Associated Press  

Starbucks __ ringing up record sales but struggling with low employee morale __ plans to spend $450 million next year to make its North American stores more efficient and less complex. Our physical stores were built for a different era,” said John Culver, Starbucks’ chief operating officer, at a day-long event for investors in Seattle Tuesday. Culver said customizable cold …

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