Starbucks: Don’t Bet Against The Turnaround Plan

Summary:

  • Starbucks was led astray by former CEO Laxman Narasimhan.
  • New CEO Brian Niccol recently outlined his turnaround plan.
  • It’s a back to basics approach that puts more emphasis on coffee, the café experience, and customer service.
  • Sales in China should also normalize relatively soon.

Starbucks Sign

TonyBaggett

Led by new CEO Brian Niccol, Starbucks Corporation (NASDAQ:SBUX) has laid out a masterfully simple turnaround plan that is likely to succeed. Add in a potential recovery from the company’s Chinese operations, and it combines to make the stock


Analyst’s Disclosure: I/we have a beneficial long position in the shares of SBUX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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