A flurry of news around Starbucks Corporation (SBUX) points to major changes including lay-offs and restructuring, as well as the appointment of a new CFO, Cathy R. Smith who was former Nordstrom's CFO. CEO Brian Niccol is reportedly shaking up Starbucks' corporate culture as latest fiscal results showed global comps decline despite beating earnings and revenue estimates. Analyst Jim Cramer remains cautious yet optimistic, calling Niccol a 'Turnaround Artist'. However, Starbucks stocks show some inconsistency, falling at times despite broader market gains. Some analysts deem Starbucks as an attractive investment for its high growth potential and steady dividends, while others question the timing of investment considering the brand's revamp and Q1 2025 results. Some hedge funds seem to view Starbucks as a reliable pick in the food and beverage sector due to its consistent dividend payments. The company is also shifting some tech work post-restructuring, revealing the next phase in their company transformation.
Starbucks Corp SBUX News Analytics from Fri, 11 Oct 2024 07:00:00 GMT to Sat, 15 Mar 2025 02:23:00 GMT -
Rating 3
- Innovation -2
- Information 5
- Rumor -2
