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Reuters Rubbish....sales is falling and already say the turnaround is working?

Beating analysts estimate is just beating analysts estimates. Just means analysts estimate are wrong.

Starbucks' Better-Than-Expected Results Point to Turnaround Taking Root

Starbucks shares rise 0.5% after smaller-than-expected sales fallCEO aims to simplify menu, cut wait times, expand U.S. storesUnion tensions rise with ongoing contract negotiations(Reuters) - $Starbuc

Starbucks' Better-Than-Expected Results Point to Turnaround Taking Root

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Just means analysts estimate are wrong.</body></html>","text":"Reuters Rubbish....sales is falling and already say the turnaround is working? Beating analysts estimate is just beating analysts estimates. Just means analysts estimate are wrong.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/397862021378712","repostId":2507526578,"repostType":2,"repost":{"id":"2507526578","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1738109766,"share":"https://www.laohu8.com/m/news/2507526578?lang=&edition=full","pubTime":"2025-01-29 08:16","market":"us","language":"en","title":"Starbucks' Better-Than-Expected Results Point to Turnaround Taking Root","url":"https://stock-news.laohu8.com/highlight/detail?id=2507526578","media":"Reuters","summary":"Starbucks shares rise 0.5% after smaller-than-expected sales fallCEO aims to simplify menu, cut wait times, expand U.S. storesUnion tensions rise with ongoing contract negotiations(Reuters) - $Starbuc","content":"<html><head></head><body><ul style=\"\"><li>Starbucks shares rise 0.5% after smaller-than-expected sales fall</li><li>CEO aims to simplify menu, cut wait times, expand U.S. stores</li><li>Union tensions rise with ongoing contract negotiations</li></ul>(Reuters) - <a href=\"https://laohu8.com/S/SBUX\">Starbucks</a> reported a smaller-than-expected fall in first-quarter comparable sales on Tuesday, in early signs of the struggling coffee chain benefiting from CEO Brian Niccol&#39;s efforts to revive demand.The company&#39;s shares rose 0.5% in extended trading. They have gained nearly 30% since his appointment in August last year.&#34;It&#39;s a critical year in front of us, and we have a lot of work to do to get back to Starbucks,&#34; Niccol said.Niccol is credited with reviving the burrito chain Chipotle Mexican Grill CMG.N in his last CEO role. He aims to return Starbucks to its coffee house roots in the U.S. by rolling out a simpler menu, ceramic cups, refills and condiment bars, and cutting wait times at the cafes to under four minutes.He said Starbucks&#39; current system of mobile ordering, which handles orders on a first-in, first-out basis, is a &#34;chokepoint&#34; that can overwhelm baristas and the primary obstacle to achieving shorter wait times. A more efficient mobile order system &#34;frees us up to another degree that we haven&#39;t totally comprehended,&#34; he said.Doing so could help realize the company&#39;s potential to eventually double its store count in the U.S., Niccol said.Niccol has also cut back on the company&#39;s deals and discounts and instead sought to broaden its marketing beyond loyalty program members.Starbucks&#39; global same-store sales fell 4% in the three months ended Dec. 29, Niccol&#39;s first full quarter at the helm, compared with analysts&#39; expectations of a 4.6% fall, according to data compiled by LSEG.&#34;Investors are looking for early indicators that the transformation is in place. The results were broadly in line with expectations,&#34; said Danilo Gargiulo, senior analyst at Bernstein.The company has also shuffled its top brass. Earlier on Tuesday, Starbucks said its North America president Sara Trilling and chief supply chain officer Arthur Valdez would leave.Trilling&#39;s role will be split, with former Taco Bell executives Mike Grams and Meredith Sandland becoming North America chief stores officer and chief store development officer, respectively. Niccol was a former top boss at Taco Bell before joining Chipotle.&#34;Brian is being surrounded by people he trusts. The appointments are paramount to ensure execution of in-store revisions,&#34; Gargiulo said.Starbucks, which suspended its forecasts for 2025 late last year to give Niccol freedom to pursue his restructuring, has ceded ground to rivals such as Luckin Coffee in China, where comparable sales fell for the fourth straight quarter.Meanwhile, tensions have increased with the union seeking to organize the chain&#39;s U.S. baristas, as contract negotiations drag on longer than expected since beginning last February.In December, one of Starbucks&#39; busiest times, around 300 stores went on strike across the U.S. to demand a contract, according to Workers United, the union representing Starbucks workers.The union said it has filed more than 90 unfair labor practices in recent weeks and alleges the company has backtracked on the &#34;path forward&#34; it jointly announced with the union last year.Excluding items, Starbucks reported earnings per share of 69 cents, beating estimates of 67 cents.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Starbucks' Better-Than-Expected Results Point to Turnaround Taking Root</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStarbucks' Better-Than-Expected Results Point to Turnaround Taking Root\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nReuters \n2025-01-29 08:16\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li>Starbucks shares rise 0.5% after smaller-than-expected sales fall</li><li>CEO aims to simplify menu, cut wait times, expand U.S. stores</li><li>Union tensions rise with ongoing contract negotiations</li></ul>(Reuters) - <a href=\"https://laohu8.com/S/SBUX\">Starbucks</a> reported a smaller-than-expected fall in first-quarter comparable sales on Tuesday, in early signs of the struggling coffee chain benefiting from CEO Brian Niccol&#39;s efforts to revive demand.The company&#39;s shares rose 0.5% in extended trading. They have gained nearly 30% since his appointment in August last year.&#34;It&#39;s a critical year in front of us, and we have a lot of work to do to get back to Starbucks,&#34; Niccol said.Niccol is credited with reviving the burrito chain Chipotle Mexican Grill CMG.N in his last CEO role. He aims to return Starbucks to its coffee house roots in the U.S. by rolling out a simpler menu, ceramic cups, refills and condiment bars, and cutting wait times at the cafes to under four minutes.He said Starbucks&#39; current system of mobile ordering, which handles orders on a first-in, first-out basis, is a &#34;chokepoint&#34; that can overwhelm baristas and the primary obstacle to achieving shorter wait times. A more efficient mobile order system &#34;frees us up to another degree that we haven&#39;t totally comprehended,&#34; he said.Doing so could help realize the company&#39;s potential to eventually double its store count in the U.S., Niccol said.Niccol has also cut back on the company&#39;s deals and discounts and instead sought to broaden its marketing beyond loyalty program members.Starbucks&#39; global same-store sales fell 4% in the three months ended Dec. 29, Niccol&#39;s first full quarter at the helm, compared with analysts&#39; expectations of a 4.6% fall, according to data compiled by LSEG.&#34;Investors are looking for early indicators that the transformation is in place. The results were broadly in line with expectations,&#34; said Danilo Gargiulo, senior analyst at Bernstein.The company has also shuffled its top brass. Earlier on Tuesday, Starbucks said its North America president Sara Trilling and chief supply chain officer Arthur Valdez would leave.Trilling&#39;s role will be split, with former Taco Bell executives Mike Grams and Meredith Sandland becoming North America chief stores officer and chief store development officer, respectively. Niccol was a former top boss at Taco Bell before joining Chipotle.&#34;Brian is being surrounded by people he trusts. The appointments are paramount to ensure execution of in-store revisions,&#34; Gargiulo said.Starbucks, which suspended its forecasts for 2025 late last year to give Niccol freedom to pursue his restructuring, has ceded ground to rivals such as Luckin Coffee in China, where comparable sales fell for the fourth straight quarter.Meanwhile, tensions have increased with the union seeking to organize the chain&#39;s U.S. baristas, as contract negotiations drag on longer than expected since beginning last February.In December, one of Starbucks&#39; busiest times, around 300 stores went on strike across the U.S. to demand a contract, according to Workers United, the union representing Starbucks workers.The union said it has filed more than 90 unfair labor practices in recent weeks and alleges the company has backtracked on the &#34;path forward&#34; it jointly announced with the union last year.Excluding items, Starbucks reported earnings per share of 69 cents, beating estimates of 67 cents.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250128:nL3N3OO1KQ:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2507526578","content_text":"Starbucks shares rise 0.5% after smaller-than-expected sales fallCEO aims to simplify menu, cut wait times, expand U.S. storesUnion tensions rise with ongoing contract negotiations(Reuters) - Starbucks reported a smaller-than-expected fall in first-quarter comparable sales on Tuesday, in early signs of the struggling coffee chain benefiting from CEO Brian Niccol's efforts to revive demand.The company's shares rose 0.5% in extended trading. They have gained nearly 30% since his appointment in August last year.\"It's a critical year in front of us, and we have a lot of work to do to get back to Starbucks,\" Niccol said.Niccol is credited with reviving the burrito chain Chipotle Mexican Grill CMG.N in his last CEO role. He aims to return Starbucks to its coffee house roots in the U.S. by rolling out a simpler menu, ceramic cups, refills and condiment bars, and cutting wait times at the cafes to under four minutes.He said Starbucks' current system of mobile ordering, which handles orders on a first-in, first-out basis, is a \"chokepoint\" that can overwhelm baristas and the primary obstacle to achieving shorter wait times. A more efficient mobile order system \"frees us up to another degree that we haven't totally comprehended,\" he said.Doing so could help realize the company's potential to eventually double its store count in the U.S., Niccol said.Niccol has also cut back on the company's deals and discounts and instead sought to broaden its marketing beyond loyalty program members.Starbucks' global same-store sales fell 4% in the three months ended Dec. 29, Niccol's first full quarter at the helm, compared with analysts' expectations of a 4.6% fall, according to data compiled by LSEG.\"Investors are looking for early indicators that the transformation is in place. The results were broadly in line with expectations,\" said Danilo Gargiulo, senior analyst at Bernstein.The company has also shuffled its top brass. Earlier on Tuesday, Starbucks said its North America president Sara Trilling and chief supply chain officer Arthur Valdez would leave.Trilling's role will be split, with former Taco Bell executives Mike Grams and Meredith Sandland becoming North America chief stores officer and chief store development officer, respectively. Niccol was a former top boss at Taco Bell before joining Chipotle.\"Brian is being surrounded by people he trusts. The appointments are paramount to ensure execution of in-store revisions,\" Gargiulo said.Starbucks, which suspended its forecasts for 2025 late last year to give Niccol freedom to pursue his restructuring, has ceded ground to rivals such as Luckin Coffee in China, where comparable sales fell for the fourth straight quarter.Meanwhile, tensions have increased with the union seeking to organize the chain's U.S. baristas, as contract negotiations drag on longer than expected since beginning last February.In December, one of Starbucks' busiest times, around 300 stores went on strike across the U.S. to demand a contract, according to Workers United, the union representing Starbucks workers.The union said it has filed more than 90 unfair labor practices in recent weeks and alleges the company has backtracked on the \"path forward\" it jointly announced with the union last year.Excluding items, Starbucks reported earnings per share of 69 cents, beating estimates of 67 cents.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":156,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}