Starbucks Earnings Beat Expectations with New CEO Strategy
Starbucks reported better-than-expected first-quarter results, though sales still fell slightly. The company, which has faced challenges in recent quarters, now features a new CEO, Brian Niccol, aiming to reverse declining sales.Comparable sales dropped 4%, lower than the 5.3% decline analysts expected. Despite this, net revenue reached $9.4 billion, beating estimates. New Starbucks CEO Brian Niccol … Read more