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Stockreport

Starbucks CEO admits the chain ‘ran like a manufacturing facility' [Fortune]

Starbucks Corporation (SBUX)  More Company Research Source: Fortune
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
aughts, he was surprised to see the coffee chain felt more like a factory floor than a warm hangout spot. Recommended Video In an recent episode of Semafor 's “The CEO Signal” podcast, Niccol said when he first took the helm of the company in late 2024, he visited several stores and noticed the coffee chain had put so much emphasis on fulfilling large volumes of orders it had strayed from its reputation as a cozy coffee house. Niccol's “Back to Starbucks” plan introduced in his first days as CEO was meant to restore Starbucks to its roots as a “third place” for customers to linger in. “We got really focused on trying to be efficient and run it like a manufacturing facility, as opposed to recognizing, no, this is actually a customer service experience, where we do great craft and create great drinks for people on time,” Niccol said. Although Starbucks stock is virtually unchanged since Niccol took over a year-and-a-half ago, the former Chipotle CEO has been working hard to rest [Read more]

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Stockreport

Starbucks CEO admits the chain ‘ran like a manufacturing facility' [Fortune]

Starbucks Corporation  (SBUX) 
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
aughts, he was surprised to see the coffee chain felt more like a factory floor than a warm hangout spot. Recommended Video In an recent episode of Semafor 's “The CEO Signal” podcast, Niccol said when he first took the helm of the company in late 2024, he visited several stores and noticed the coffee chain had put so much emphasis on fulfilling large volumes of orders it had strayed from its reputation as a cozy coffee house. Niccol's “Back to Starbucks” plan introduced in his first days as CEO was meant to restore Starbucks to its roots as a “third place” for customers to linger in. “We got really focused on trying to be efficient and run it like a manufacturing facility, as opposed to recognizing, no, this is actually a customer service experience, where we do great craft and create great drinks for people on time,” Niccol said. Although Starbucks stock is virtually unchanged since Niccol took over a year-and-a-half ago, the former Chipotle CEO has been working hard to rest [Read more]

IMPACT SNAPSHOT
EVENT TIME:
SBUX
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS