Brian Niccol
Coverage of Brian Niccol in the Nexus archive.
- Here's why a Starbucks bear changed his tune and upgraded the stock
An analyst who was skeptical of Starbucks now acknowledges CEO Brian Niccol's turnaround is working, leading to a bullish thesis on the coffee chain.
- Starbucks is betting bubbles will give sales some sparkle
Starbucks is testing carbonated versions of its Refreshers drinks, called Spritzers, in select markets to drive growth. The non-coffee beverages, which include flavors like coffee and citrus or strawberry matcha, aim to attract younger customers and boost afternoon sales.
- We're raising our price target on Starbucks after a home-run quarter
The price target for Starbucks is being raised following a successful quarter. Shares increased in extended trading as CEO Brian Niccol's business strategy shows progress.
- Starbucks reports strong quarterly sales and raises annual outlook
Starbucks reported stronger-than-expected quarterly sales growth of 7.9% globally and 7.9% in the U.S., raising its full-year sales growth forecast from 5% to 6% and increasing its earnings per share projection. Revenue declined 1% to $9.3 billion due to the sale of a stake in its China business, but net income surged 87% to $1 billion. CEO Brian Niccol credited the results to operational improvements like staff additions, technology enhancements, and store redesigns.
- Starbucks reports strong quarterly sales and raises annual outlook
Starbucks reported a 7.9% increase in global same-store sales for its fiscal third quarter, exceeding expectations, and raised its full-year sales growth forecast to 6% from 5%. The company also increased its earnings per share outlook and cited operational improvements like staffing adjustments, technology enhancements, and store redesigns as contributing factors.
- Starbucks stock jumps as coffee giant raises full-year outlook
Starbucks' stock increased after the company raised its full-year outlook. The coffee chain reported four consecutive quarters of same-store sales growth under CEO Brian Niccol.
- Starbucks’ shifting ‘center of gravity’ worries WA officials
Starbucks' new office in Tennessee has raised concerns among Washington officials, as shown by a meeting between Governor Bob Ferguson and Starbucks CEO Brian Niccol.
- Starbucks says afternoon traffic is rising as turnaround starts to take hold
Starbucks reports rising afternoon traffic driven by menu innovation as CEO Brian Niccol aims to transform the chain into an all-day destination. The company attributes the surge to its turnaround strategy.