Investors will soon get a chance to hear directly from CEO Brian Niccol when Starbucks reports earnings Oct. 30.
Brian Niccol's plan to get Starbucks back on track is coming into view. He's wisely leaning on strategies he used to turn around Chipotle . The stakes are significant. Starbucks added $21 billion in market cap the day Niccol's hiring as CEO was announced in August, signaling high hopes for his leadership after his success at Chipotle . The stock has held onto all of those gains in the two months that followed.
mountain Starbucks' five-year stock performance. Jefferies analyst Andy Barish is among the contingent on Wall Street trying to temper the euphoria around the CEO change. "There is a lot of foundational work that needs to happen before we can think about what he's going to do to grow the business," Barish said in a CNBC interview, adding the upcoming fiscal fourth quarter and the 2025 forecast do not look promising .
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