SBUX Jan 2025 50.000 put
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- Associated Press Finance
Starbucks founder Schultz says company needs to refocus on coffee as sales struggle
Former Starbucks CEO and founder 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. The Seattle coffee giant said revenue dropped 2% in the January-March period as store traffic slowed around the world.
- Zacks
Netflix and Starbucks have been highlighted as Zacks Bull and Bear of the Day
Netflix and Starbucks have been highlighted as Zacks Bull and Bear of the Day.
- CNN Business
Howard Schultz wants Starbucks to fix its American business
Former Starbucks CEO Howard Schultz might’ve left the coffee giant several months ago, but he’s still offering critiques of the company he once ran.
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