Starbucks was in trouble. Same-store sales had fallen for three straight quarters by mid-2024, the worst stretch in more than a decade. China comparable sales were down 14% year-over-year. The stock was down 20% from its 2024 peak. The board pushed out CEO Laxman Narasimhan in August 2024.Then they hired Brian Niccol. The stock jumped 25% the next day, the biggest one-day move in company history. Market cap rose by $21.4 billion.Wall Street was paying for his Chipotle record. Niccol took over Ch
0:30
x.comAnish Moonka
Starbucks was in trouble. Same-store sales had fallen for three straight quarters by mid-2024, the worst stretch in more than a decade. China comparable sales were down 14%
Anish Moonka (@anishmoonka). 42 likes 7 replies. Starbucks was in trouble. Same-store sales had fallen for three straight quarters by mid-2024, the worst stretch in more than a decade. China comparable sales were down 14% year-over-year. The stock was down 20% from its 2024 peak. The board pushed out CEO Laxman Narasimhan in August 2024.Then ...
761.7K views1 week ago
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