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Starbucks says it’s confident that new products coming next year - including a cold foam protein drink and improved baked goods - will help turn around lagging U.S. sales.
The coffee giant aims to stand out on guest experience in a cutthroat consumer environment as it tries to boost lackluster sales.
The C.E.O., Brian Niccol, said the coffee chain’s turnaround is in progress, and sales in China increased for first time in more than a year.
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Starbucks earnings were down, though near analyst expectations, as the company's CFO said that there has been "tangible progress" in its turnaround plan.
Starbucks said Tuesday it’s confident that new products coming next year — including a cold foam protein drink, coconut water-based beverages and improved baked goods — will help turn around the company’s lagging U.S. sales. In the meantime, slow U.S. demand continues to be a drag on the company’s results.
2hon MSN
Starbucks said Tuesday it’s confident that new products coming next year — including a cold foam protein drink, coconut water-based beverages and improved baked goods — will help turn around the company’s lagging U.S. sales. In the meantime, slow U.S. demand continues to be a drag on the company’s results.
Around 80 to 90 pickup-only locations in the US, many of which are located in office buildings and offer no seating, will be phased out.