In a Tuesday earnings call, Starbucks chairman and CEO Brian Niccol said the company would be cutting its menu by 30% in the coming months.
He’s not making the company profit, I am. Me and my coworkers are. Baristas nationwide are producing the goods that people want to buy.”
Starbucks is planning on making major cuts to its menu offerings by the end of the year. Starbucks CEO Brian Niccol spoke during the company’s first quarter fiscal year 2025 earnings call, and said the company would be cutting its food and beverage offerings by nearly a third by the end of the year.
Starbucks has reported better-than-expected sales in its fiscal first quarter as some of its turnaround efforts start to take hold.
SEATTLE — Despite officially starting his tenure at Starbucks in September, the company's new CEO was awarded nearly $100 million in total compensation in his first four months.
The openings come after the coffee chain has closed a number of Seattle locations in recent years. Here's where they're planned.
The Ballard store will be located at 999 Leary Way and is expected to open on May 29. That location will also include Starbucks' new Siren System. A few months later in the fall, the Rainier Valley location will open at 9150 Rainier Ave S.
Free refills and milk are back at the stores, with certain exceptions, all a part of the Seattle-based company’s January policy changes.
The Seattle-based coffee giant is changing how it serves customers. On Monday expect to see the return of mugs and the condiment bar, more free refills and a new code of conduct.
Brian Niccol stands to earn $10 million in signing bonuses after a "dogged pursuit" to convince him to lead the company.
Starbucks will be trialling new methods to get rid of certain customers that frequently visit the coffee chain. It's gone as far as installing panic buttons for staff to use, reports claim.
Starbucks is scheduled to report earnings after Tuesday's close. Here's a closer look at what the Street expects from SBUX.