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Articles for Schultz, search results for revenue

Starbucks ousts CEO as market growth slumps
4 months, 4 weeks 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 misses sales, revenue estimates as China falters
1 year, 11 months ago

Starbucks misses sales, revenue estimates as China falters

Associated Press  

Starbucks reported lower-than-expected sales in its fiscal first quarter, with COVID store shutdowns in China overshadowing stronger results elsewhere. During a conference call with investors, Starbucks’ interim CEO Howard Schultz said China’s decision to end its zero-COVID policy in December caused a spike in infections that closed nearly 30% of Starbucks’ 6,000 stores at its peak. But Schultz said Starbucks …

China Sales Schultz Starbucks Stores
Starbucks reports record Q4 revenue despite China declines
2 years, 2 months ago

Starbucks reports record Q4 revenue despite China declines

Associated Press  

Pumpkin spice pumped up Starbucks’ sales in its fiscal fourth quarter, and the company said it’s confident that momentum will carry on into next year. “There is an affordable luxury to Starbucks that our customer base has been willing to support,” Starbucks’ interim CEO Howard Schultz said Thursday in a conference call with investors. Starbucks said it expects global same-store …

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Starbucks reports record revenue on frothy US demand
2 years, 5 months ago

Starbucks reports record revenue on frothy US demand

Associated Press  

Starbucks on Tuesday reported record revenue in the April-June period, as strong U.S. demand made up for COVID shutdowns in China. Interim Starbucks CEO Howard Schultz said the company isn’t yet seeing any impact from inflation, despite increasing prices about 5% over the same period last year. U.S. workers currently make an average of $17 per hour, Starbucks North America …

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