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via finance.yahoo.comBusiness & Companies

Starbucks CEO focuses on growth plan as turnaround is ahead of schedule

FROM THE WIRE · FINANCE.YAHOO.COM

Starbucks Corp. Chief Executive Officer Brian Niccol expects earnings growth to continue and he says the turnaround plan is ahead of schedule. He says becoming a multi-brand company is a possibility. The chain recently said it was not exploring a takeover of Chipotle. He speaks…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe CEO expects continued earnings growth and an ahead-of-schedule turnaround, a generally positive signal for the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Starbucks CEO Brian Niccol expects earnings growth to continue.
  2. 02He says the turnaround plan is ahead of schedule and the focus now moves to growth.
  3. 03Growth is driven by the Green Apron service, coffee quality and customization, according to Niccol.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Starbucks CorporationSBUXStock103.89 USD+0.82%today -1.54%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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