Starbucks CEO Brian Niccol is leading a retooling effort for the company, focusing on innovation and experimentation. The company is integrating AI into its systems with Green Dot Assist and planning menu innovations like protein drinks. Starbucks will close unprofitable locations and cut 900 jobs to improve margins. Fiscal third-quarter sales fell 2%, with a 46% decline in earnings per share. Investors are optimistic about positive trends noted by Niccol, including college location sales growth and new innovations. Starbucks shares are down 10% year-to-date. The company will announce fourth fiscal quarter earnings later this month. Citi analyst Jon Tower suggests management may wait until February 2026 to offer guidance for fiscal year 2026.

Read more at Yahoo Finance: Starbucks CEO says artisanal pastries, protein drinks, and voice app ordering are next on tap