Wall Street is optimistic about Starbucks’ turnaround despite weaker-than-expected earnings and shrinking same-store sales. Analysts see positive signs in improved traffic, especially from non-Rewards members. The company’s “Green Apron Service” labor program and upcoming menu innovations are expected to drive growth. However, some investors remain cautious as the recovery is slower than anticipated. Starbucks’ stock fell over 1% following the earnings report.
Read more at CNBC: Brian Niccol turnaround taking hold