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  • 5 months ago
Starbucks CEO Brian Niccol marked his first year leading the company by declaring the turnaround “ahead of schedule," according to Fox Business. CEO Brian Niccol told FOX Business during an interview that the company is solidifying its fundamentals and will drive growth through menu, rewards, digital innovation, and new store designs that enable more openings. Thousands of locations are slated for redesign through 2026, with more possible in 2027. Stores in the U.S. continue to face declining visits as consumers tighten spending, but CEO Brian Niccol remains confident in the company’s trajectory. He highlighted faster-than-expected rollouts, including the Green Apron Service model to streamline orders. Since introducing the new store model, 80% of drinks are ready in under four minutes and 95% of mobile orders meet that benchmark, a marked improvement from before.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Starbucks CEO Brian Nicole marked his first year leading the company by declaring the
00:07turnaround ahead of schedule, according to Fox Business.
00:11CEO Brian Nicole told FOX Business during an interview that the company is solidifying its
00:16fundamentals and will drive growth through menu, rewards, digital innovation, and new
00:22store designs that enable more openings. Thousands of locations are slated for redesign through
00:272026, with more possible in 2027.
00:31Stores in the U.S. continue to face declining visits as consumers tighten spending, but CEO
00:35Brian Nicole remains confident in the company's trajectory.
00:39He highlighted faster-than-expected rollouts, including the Green Apron service model to
00:43streamline orders.
00:45Since introducing the new store model, 80% of drinks are ready in under four minutes,
00:49and 95% of mobile orders meet that benchmark, a marked improvement from before.
00:54For all things money, visit Benzinga.com.
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