Shares of coffee store chain Starbucks (SBUX) are falling Wednesday morning after the company published a fiscal second quarter earnings and revenue miss on Tuesday — adjusted EPS of $0.41 (vs. estimates of $0.49) and revenue of $8.76 billion (vs. estimates of $8.83 billion) — alongside declines in comparable store sales.
Starbucks CEO Brian Niccol — who assumed the chief executive position in September 2024 — sits down with Yahoo Finance executive editor Brian Sozzi to talk more about the company’s earnings results, the economic environment that American consumers and other corporations are working through right now, and Starbucks’ turnaround strategy.
Also catch Bernstein senior analyst Danilo Gargiulo explain to Yahoo Finance why Starbucks’ turnaround strategy may take “at least 6 months to a year.”
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here: https://finance.yahoo.com/videos/series/morning-brief/
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